US Stocks Post Weekly Rise

Follow-up – INA

US stocks posted a weekly rise after four weeks of declines due to uncertainty about the direction of the US economy.

Inflation remains above the US Federal Reserve's 2% target, prompting the Fed to keep key interest rates unchanged last Wednesday.

The Standard & Poor's and Dow Jones closed virtually unchanged on Friday, off their previous lows, after comments from US President Donald Trump raised hopes that previously announced tariffs, expected to begin in early April, might not be as onerous as feared.

Trump stated that there would be flexibility on tariffs and reiterated his intention to use tariffs as a means of reducing the US trade deficit with China.

The S&P 500 closed up 4.38 points, or 0.08%, at 5,667.27, adding 0.5% for the week, following a four-week losing streak. The Nasdaq Composite Index rose 92.43 points, or 0.52%, to 17,784.05, gaining 0.15%, ending a four-week losing streak.
The Dow Jones Industrial Average rose 35.98 points, or 0.09%, to 41,989.30, posting a weekly gain of 1.2%.