Overview

• The S&P 500 rose 0.7% on Friday, closing the week with a 5.3% gain, marking its fifth consecutive day of increases and nearing its February record high.
• US-China trade relations saw a temporary 90-day tariff pause, boosting investor confidence and sparking hopes for further trade agreements.
• Tech stocks, led by Cisco Systems and Nvidia, drove market gains, with Cisco jumping 5% on its AI-driven forecast revision.
• Consumer sentiment fell to its second-lowest level in decades, but markets remained resilient, focusing on cooling inflation and trade optimism.
• Small-cap stocks, represented by the Russell 2000, notched their longest winning streak since 2023, reflecting optimism about reduced trade tensions.