Risk Appetite Persists into the Last Session This Week – US Market Wrap

Wall Street’s risk-taking brigade propelled the S&P 500 to its longest winning streak in two decades, as scars from April’s tariff shock faded amid new signs of US-China diplomacy.

The S&P 500 and Nasdaq 100 both rose more than 1% on Friday, marking the second consecutive week of gains. The dollar index dropped. Treasuries fell, with the policy-sensitive two-year yield rising more than ten basis points to 3.83%. Oil fell as 0PEC+ discussed another significant production increase. With demand for safe havens fading, gold fell for the second week in a row.

A recent strong jobs report revealed a labour market that is cooling but remaining resilient. That alleviated concerns about Trump’s impact on the economy. Recent developments also suggest that trade tensions between China and the US are easing.