US stocks near all-time highs as Wall Street finishes strong week

From Yahoo Finance: 2025-05-15 23:43:00

Wall Street ended the week strong, with U.S. stocks nearing all-time highs. The S&P 500 rose 0.7%, marking its fifth straight gain. Hopes of Trump lowering tariffs against other countries boosted the market. The Dow Jones added 331 points, and the Nasdaq climbed 0.5%. Trump’s trade war had previously caused market uncertainty. However, this week brought positive news, with the U.S. and China announcing a tariff stand-down. Consumer sentiment soured slightly in May, but inflation expectations are rising. Stock markets abroad also saw modest gains. Hope remains for a potential Federal Reserve rate cut later this year.



Read more at Yahoo Finance: US stocks power within 3% of their record as Wall Street closes out a winning week