Stocks on Wall Street rebounded on Friday, closing out the first week of 2025 on a positive note. The S&P 500 surged 1.3 percent, its largest gain since November 6th, 2024, ending five consecutive days of losses. The Nasdaq Composite also climbed 1.8 percent, fueled by a strong showing from Tesla and Nvidia. The rally came despite a shortened trading week due to New Year’s Day and was attributed to a combination of factors, including positive manufacturing data, a smooth House Speaker election, and bargain-hunting opportunities after recent sell-offs.
Stocks on Wall Street rallied on Friday to close out the first week of 2025 on an upbeat note amid fresh signs of manufacturing stability, bringing a halt to several days of losses. The S&P 500 closed the day 1.3 per cent higher, posting its biggest rise since November 6 — the day after Donald Trump’s US election victory. The benchmark index’s gains on Friday also brought an end to five consecutive days of losses — the longest such streak since April.
” At the same time, Hooper added: “We got some good news today in terms of manufacturing and I think that certainly set a positive tone. We had a relatively smooth election in the House that also helped contribute to more positive sentiment.” The ISM manufacturing purchasing managers’ index reading on Friday landed at 49.3 for December — below the threshold of 50 that marks expansion, but above economists’ forecasts and higher than a reading of 48.4 for November.
STOCK MARKET MANUFACTURING ECONOMIC INDICATORS NASDAQ S&P 500
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