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Stock Market Today: Dow Leads Afternoon Rally; Video Game Maker Soars On Deal News (Live Coverage)
The S&P 500 popped 0.6%, while the Nasdaq composite bolstered its afternoon gain to 0.4%, after three straight days of losses. Meanwhile, small-cap stocks were robust performers, with the Russell 2000 index rising 0.9%.
The Dow, S&P 500, and Nasdaq fell as uncertainty surrounding Federal Reserve rate cuts dominated the stock market.
Stock futures were little changed ahead of an important U.S. inflation reading Friday, although shares of furniture and home goods retailers pulled back sharply after President Donald Trump unveiled new tariffs.
U.S. stocks finished lower on Thursday, with all three major indexes booking a three-day losing streak after economic data suggested that labor-market conditions were improving — reshaping market expectations around the Federal Reserve’s future policy path.
Wall Street broke its three-day losing streak and trimmed its losses for the week. The S&P 500 rose 0.6% Friday.
The stock market was on track to snap its three-day skid on Friday in the wake of the latest inflation report. The Dow Jones Industrial Average rose 340 points, or 0.7%. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.4%.
NASDAQ rebounds as traders use the pullback as an opportunity to increase their long positions at attractive levels. Electronic Arts, which is up by 13.8%, is the biggest gainer in the NASDAQ index today. The stock rallied as a report indicated that the company could go private in a $50 billion deal.
Wall Street stumbled to its longest losing streak in more than a month as U.S. stocks gave back more of this year's big gains.
Generac Holdings has surpassed the broader Dow Jones Industrial over the past year, and analysts remain fairly bullish about the stock’s prospects.