Wall Street advances on trade hopes

Wall Street advances on trade hopes

The Star Online - Business·2025-05-17 08:01

NEW YORK: Wall Street's main indices rose on Friday for their fifth straight day, buoyed by the US-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment.

The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride. The University of Michigan Surveys of Consumers said its Consumer Sentiment Index slumped further in May while one-year inflation expectations surged to 7.3% from 6.5% last month.

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