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Wall Street Rallies as S&P 500 Eyes Fifth Consecutive Gain
The stock market continued its upward momentum on Friday, with the S&P 500 setting up for its fifth straight win as investors embraced optimism over easing U.S.-China trade tensions.
Dow Jones Industrial Average futures climbed 0.3%, while Nasdaq 100 futures edged up 0.2%, signaling a positive end to the trading week. The rally comes after a strong week for equities, driven by renewed confidence in riskier assets despite lingering concerns over tariff-related price hikes.
Investors are closely watching the University of Michigan's consumer sentiment survey, which could provide further insight into how Americans are responding to inflation and trade policies. Meanwhile, global markets remain cautious, with Japan's economy contracting more than expected, adding uncertainty to the broader economic outlook.
As Wall Street looks to close the week on a high note, market participants remain vigilant for further developments in trade negotiations and economic indicators that could shape the trajectory of stocks in the coming weeks.
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