The rose Friday and headed for a sharp weekly gain, as investors looked past the release of disappointing consumer sentiment data and persistent inflation worry.

The broad market index climbed 0.6%, while the gained 0.4%. The gained 316 points, or 0.7%.

For the week, the S&P 500 is up 5%, and the Dow has gained 3%. The Nasdaq Composite has jumped more than 6% this week. A higher close on Friday would also mark a five-day winning streak for the S&P 500. Technology stocks are also on pace for a strong week. Shares of have gained more than 15%, while have advanced 7%. Shares of climbed 6%, while has ticked up 3%.

The major averages on Friday pared gains after the University of Michigan's consumer sentiment index came in at its second-lowest level on record. Consumers also see prices rising 7.3% over the next year, up from 6.5% last month.

Stocks have made a strong comeback since U.S. and Chinese officials earlier this week agreed on a 90-day truce in their tariff measures, which eased investors' fears of escalating global trade tensions and rising risk to the economy.

"Markets are repricing the stagflation risk right now--what was once the base case for folks who were sure that tariffs were going to shoot inflation skyward immediately, really hasn't been supported in the data," said Jamie Cox, managing partner at Harris Financial Group. "The U.S. consumer may say he/she is worried, but they aren't spending like they are. Consumption trumps all once you filter out all the noise."

Wall Street is also hoping that there will be more clarity on the trade front in the weeks ahead. President Donald Trump said Friday that his administration will send letters to many countries detailing new tariff rates, possibly over the next two to three weeks. Those letters would take the place of trade negotiations with countries where the U.S. doesn't have time to meet.

The major averages on Friday pared gains after the University of Michigan's consumer sentiment index came in at its second-lowest level on record. Consumers also see prices rising 7.3% over the next year, up from 6.5% last month.

BMO analyst says CEO ouster at Novo Nordisk doesn't change its 'strategic issues'

shares were down nearly 4% after the company surprised investors with the announcement that CEO Lars Fruergaard. A search for his replacement is ongoing, the company said.

The Ozempic maker was an early leader in developing GLP-1 drugs to treat diabetes and obesity, but rival has seen prescriptions for its weight loss treatment Zepbound rise steadily. While both stocks have been underperforming lately, Lilly's shares are down less than 3% over the past year, while Novo's stock is down 52%.

"While replacing the CEO might feel good, it doesn't fix the strategic issues," Evan David Seigerman, an analyst at BMO Capital Markets, warned in . He thinks the company has to take a close look at its problems and develop a new strategy.

Seigerman noted shares of popped at the market's open on speculation that Jørgensen's replacement might feel the need to make an acquisition. The clinical-stage biopharma company has been working on oral small molecule drugs to treat obesity. Structure's stock was up more than 2% at midday, but its off high for the day.

—Christina Cheddar Berk

Stocks making the biggest moves midday

Check out some of the companies making headlines in midday trading.

•  — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company's revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for.

•  — The stock slid 1.8% after the video game company gave weaker-than-anticipated guidance for full-year bookings, expecting the figure to come between $5.9 billion and $6 billion. That missed the $7.82 billion StreetAccount consensus. Take-Two also projected bookings of between $1.25 billion and $1.30 billion for the current quarter, while analysts had penciled in $1.28 billion.

•  — Shares of the power producer gained 3% after the company purchased seven natural gas facilities from Lotus Infrastructure Partners for $1.9 billion. The gas plants are located in the PJM market, New England, New York and California.

Read the full list .

— Brian Evans

Coinbase rallies, erasing Thursday losses as analysts dismiss worries over SEC probe

jumped more than 9% on Friday, recovering its losses from the previous session, after Wall Street analysts called the sell-off .

On Thursday, the crypto exchange confirmed the U.S. Securities and Exchange Commission has been investigating . The stock closed down 7.2%.

Analysts from Oppenheimer, Barclays and Cantor Fitzgerald said Friday morning that the reaction was likely overblown, noting that the "verified users" metric at the center of the inquiry is one Coinbase hasn't used in more than two years and that the probe is "not significant."

— Tanaya Macheel

Galaxy Digital opens trading on the Nasdaq at $23.50 per share

 started trading on the Nasdaq Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange. It was last trading at $23.98.

The company, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the Nasdaq through a direct listing — a move that follows a grueling, multi-year battle with U.S. regulators.

Galaxy's value now hinges on two high-growth areas:  and , CEO Mike Novogratz told C온라인카지노사이트's "Squawk Box" Friday.

"These are the two most exciting growth areas in markets ... AI and the infrastructure needed for AI to exist and crypto finally ... at the brink of institutional adoption," he said. "We have built our company for this moment, so I couldn't be more excited."

For more, read the full story .

— MacKenzie Sigalos, Tanaya Macheel

Contrarians beware: individual investors are the most bullish since January

Contrarians who like to bet against the crowd rather than with it might think about lightening up on stocks after the latest American Association of Individual Investors weekly survey showed optimism at the highest level, 35.9%, since late January (41.0%).

Similarly, bearishness about the outlook for stocks over the coming six months slumped to 44.4% this week — the smallest since mid-February when the S&P 500 closed at an all-time high — down from 51.5% last week.

Bullishness is now close to its long-term historical average of 37.5% in the survey, while bearishness remains far above its long-run average of just 31.0%. The reason is that investors who describe themselves as neutral on the short-term outlook for stocks stands at 19.7% this week versus an historical average of 31.5%.

Some investors look at sentiment surveys such as AAII's as contrarian indicators, believing that increased bullishness means more investors are done buying and hold less in cash reserves. More bearishness can mean investors are closer to being done selling and have more fire power to put to work in the form of elevated cash.

— Scott Schnipper

Consumer sentiment falls in May, inflation expectations rise

Consumer sentiment , as consumers continue to worry that inflation will remain persistent.

The University of Michigan's index of consumer sentiment fell to 50.8, down from 52.2 in April, which is the second-lowest reading on record, behind June 2022.

Year-ahead inflation expectations advanced to 7.3% from 6.5% in May, while long-term inflation expectations increased to 4.6% from 4.4%.

— Brian Evans

Trump says letters on new tariff rates will be sent in next two to three weeks

President Donald Trump said Friday that his administration would send letters to many countries over the next two to three weeks detailing new tariff rates. These letters would essentially be in place of negotiating trade deals with every individual country, Trump said.

"We'll be telling people what they'll be paying to do business in the United States. ... I guess you could say they could appeal it, but for the most part, I think we're going to be very fair, but it's not possible to meet the number of people that want to see us," Trump said.

— Jesse Pound

S&P 500 opens higher

The S&P 500 opened marginally higher on Friday, as investors look to push Wall Street's winning streak to a full five sessions.

The broad market index advanced 0.1%, while the Nasdaq Composite climbed 0.2%. The Dow Jones Industrial Average ticked down 16 points, or 0.04%.

— Brian Evans

Vistra Corp. jumps after buying natural gas facilities

jumped more than 3% premarket after the independent power company bought seven natural gas facilities from Lotus Infrastructure Partners for $1.9 billion.

The gas plants are located in the PJM market, New England, New York and California. The deal diversifies Vistra's natural gas fleet and will add 4% to the company's earnings before interest, tax, depreciation and amortization, according to Morgan Stanley.

PJM is the largest grid in the U.S. and serves the biggest data center markets in the nation.

— Spencer Kimball

Stocks making the biggest moves before the bell: Charter Communications, Doximity and more

These are the stocks moving the most in premarket trading:

•  — The cable stock rose 7% after Charter agreed to .
•  — The stock tumbled 19% after the health-care platform issued disappointing guidance.
•  — The pharmaceutical stock slipped 5% after CEO Lars Fruergaard Jørgensen announced he would , citing recent market challenges.

Read the full list of stocks moving .

— Lisa Kailai Han

Charter stock climbs after announcing merger deal with Cox

has with privately held Cox Communications in what would be a major step toward consolidation in the cable industry.

The deal puts the enterprise value of Cox at $34.5 billion, with an equity value of $21.9 billion. Shares of Charter rose more than 6% in premarket trading.

The combined company would eventually be known as Cox Communications, according to the . Charter CEO Chris Winfrey will continue in that role, while Cox CEO Alex Taylor will become chairman of the new firm.

— Jesse Pound

Novo Nordisk announces CEO change, shares slide

announced that CEO Lars Fruergaard Jørgensen is . The move follows a period where the company's share price has struggled as the Wegovy-maker has faced increased competition in the obesity drug market.

The share price of Novo Nordisk has been cut in half over the past year. The stock was under pressure again in premarket trading Friday, falling more than 3%.

The exact timing of Jørgensen's exit is not clear. The company said he will "continue as CEO for a period to support a smooth transition to new leadership" and that a search for a new CEO is ongoing.

— Jesse Pound

The Federal Reserve will have enough soft economic data to cut interest rates in the next few months, says UBS

The Federal Reserve could already be gearing up to begin cutting interest rates in the near-term, according to UBS.

"While we believe the U.S. could avoid a full-blown recession this year, slowing growth and a weakening labor market should allow the US central bank to resume cutting interest rates in the coming months," UBS global wealth management chief investment officer Solita Marcelli wrote on Friday. "Our base case is for 100 basis points of further easing starting in September."

— Brian Evans

Constellation Brands pops on increased Buffett stake

shares popped 3% in the premarket after Warren Buffett's Berkshire Hathaway doubled its stake in the beer importer. The position is now worth .

— Fred Imbert

Walmart’s former U.S. CEO thinks retailer can easily absorb tariff costs

Retail giant is poised to manage headwinds from tariffs, according to Bill Simon, the company's former U.S. CEO.

Simon spoke to C온라인카지노사이트's "Fast Money" about the company's move as soon as later this month due to tariffs.

"If you look down deep and dig into the details of their earnings release today, you know this quarter they grew their gross profit margin in the U.S. business 25 basis points. So they're expanding their margin. They also reported their general merchandise categories were flattish because they had mid-single digit price deflation," Simon said.

"That sort of gives them room in my view to manage any tariff impact that they would have," he added.

–Darla Mercado

Stock futures open little changed

U.S. equity futures opened little changed Thursday night.

added 40 points, or 0.09%. slipped 0.02%, while futures inched down 0.07%.

— Tanaya Macheel