U.S. Stocks Rally After Entering Correction Territory

Major indexes post significant gains Friday, but weekly losses persist amid ongoing economic uncertainty.

The S&P 500 rose 2.1% on Friday, recovering from its first correction since 2023, closing at 5,638.94.
The Dow Jones Industrial Average gained 1.7%, while the Nasdaq Composite climbed 2.6%, reflecting broad market gains.
Consumer sentiment fell sharply in March to 57.9 from 64.7 in February, according to the University of Michigan survey.
Despite Friday's rally, all major indexes ended the week with losses, with the S&P 500 down 2.3% and the Nasdaq down 2.4%.
Ulta Beauty reported stronger-than-expected quarterly profits, helping boost market sentiment on Friday.