U.S. markets end significantly higher

As statistics showed a strong economy despite Federal Reserve interest rate rises, U.S. markets rose substantially Friday.

Dow Jones Market Data reported the first back-to-back daily advances of 1% for the Dow Jones Industrial Average since November, ending a four-week losing trend.

Dow Jones Industrial Average rose 387.40 points, or 1.2%, to 33,390.97.S&P 500 climbed 64.29 points, or 1.6%.

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The S&P 500 ended a three-week losing skid on Friday as investors debated how aggressively the Federal Reserve should raise interest rates to contain inflation.


Wall Street has had a lot of Fed rhetoric to digest over the last week, but it appears evident that traders feel we are very near to the high despite all these indicators of a healthy economy.

SEI Investments Co. chief market strategist and senior portfolio manager James Solloway is apprehensive about the stock market.

After a solid start to 2023, stocks fell in February as investors reassessed how high the Fed will raise interest rates to contain inflation.

When the Institute for Supply Management reported a stable 55.1% services index in February, stocks steadied on Friday.

Consumers are still spending money,” said UBS Wealth Management managing director Keith Apton in a phone interview Friday.

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