Highlights
Stocks ended Friday mixed but mostly higher as the market held on to April's huge gains and big technology shares remained very strong. The bullish showing reflects a backdrop of very positive corporate profits. Reports of new peace proposals from Iran gave the market some relief from concerns that the US-Iran conflict may be very prolonged.
The Dow Jones industrial average eased 0.3 percent, the S&P 500 firmed 0.3 percent, and the Nasdaq gained 0.9 percent. Bond yields rose to end the week higher, the dollar gained, and oil prices retreated marginally from recent highs.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.