From Yahoo Finance: 2025-05-16 06:24:00

Wall Street indexes rose for the fifth day, spurred by the U.S.-China tariff truce. The S&P 500 continued to climb despite weak consumer sentiment data. Moody’s cut the U.S. credit rating, but ETFs tracking the S&P 500 and Nasdaq fell. The market reacted positively to the trade truce and a limited U.S.-UK trade deal. Bell expects more volatility ahead due to tariff headlines. Christopher notes market caution over trade softening. The market awaits clarity on U.S. tax policy as Trump’s tax bill faces hurdles in Congress. Major indexes saw gains for the week. Among S&P 500 sectors, healthcare was the biggest gainer, with UnitedHealth leading the way. UnitedHealth’s sharp rise followed reports of a criminal probe. Applied Materials shares fell after missing revenue estimates. Charter Communications announced plans to acquire Cox Communications. Verizon’s purchase of Frontier Communications was approved by the FCC. Advancing stocks outnumbered decliners on both the NYSE and Nasdaq. Share volume on U.S. exchanges was higher than the 20-day average.



Read more at Yahoo Finance: Wall Street advances on trade hopes, data shows investor pessimism