After initially showing a lack of direction, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended Thursday's rally, with the Nasdaq reaching a seven-month closing high, while the Dow and the S&P 500 reached their best closing levels in over two months.
The major averages saw further upside going into the close, ending the session at their best levels of the day. The Dow climbed 272.00 points or 0.8 percent to 34,098.16, the Nasdaq rose 84.35 points or 0.7 percent to 12,226.58 and the S&P 500 advanced 34.13 points or 0.8 percent to 4,169.48.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.