Wall Street stocks rallied on Friday to close out the first week of 2025 on an upbeat note amid fresh signs of manufacturing stability that brought a halt to several days of losses.
The S&P 500 ended the day 1.3 per cent higher, posting its biggest rise since November 6 — the day after Donald Trump’s US election victory. The benchmark index’s gains on Friday also brought an end to five consecutive days of losses — the longest such streak since April.
The technology-heavy Nasdaq Composite added 1.8 per cent, helped by a rise of more than 8 per cent for electric-vehicle maker Tesla, whose shares had slipped a day earlier after announcing its first decline in annual vehicle deliveries in more than a decade. Semiconductor giant Nvidia advanced more than 4 per cent.