This Week on Wall Street

Wall Street closed out the week on a high note Friday, with the S&P 500 climbing 0.5% to 7,743.41 and the Dow Jones surging 478.64 points (0.9%) to 51,828.62 in its best session in weeks, while the Nasdaq Composite added 0.5% to 27,068.72. Markets were closed for the weekend, so this update reflects Friday's close, the most recent completed session. For the week, the Nasdaq led with a 2.0% gain, the S&P 500 rose 1.2%, and the Dow snapped a multi-week losing streak with a 0.3% advance, as easing oil prices and a pullback in Treasury yields offset a rocky start to the week. Communication Services and Technology were the week's standout sectors, fueled by Meta's roughly 13% surge on enthusiasm for its new AI agent, Muse, while Utilities and Real Estate continued to lag under the weight of a 10-year Treasury yield that touched multi-decade highs before easing to 5.17% by Friday's close. The VIX eased to 14.87 and the CNN Fear & Greed Index improved to 38 (Fear) from 30 a week earlier, as WTI crude fell 2.3% to $92.41 on hopes of a diplomatic breakthrough around the Strait of Hormuz. Next week brings JOLTS job openings, consumer confidence, the PCE inflation gauge, and Nike's fiscal Q1 earnings on October 1.