Wall Street ended the week on a high note with the positive sentiment pushed by the news that consumer sentiment across the United States unexpectedly improved this month. Commenting on record inflation, the White House shared optimism earlier today consumer prices have started dropping, followed by the decline in oil and gas prices.
However, spending bill-related concerns remained after the Congressional Budget Office said that the legislation could push the country's deficit up by an additional $3 trillion over the next decade.
The Dow Jones jumped by 0.60% or 216 points at the closing bell, as Apple increased 2.80% to near a $3 trillion market cap. The Nasdaq 100 soared 1.13% or 182 points, with Broadcom advancing 8.27%. The S&P 500 gained 0.95%. Oracle led the gains by expanding 15.61% after last night's earnings report. The euro grew 0.20% against the dollar to sell for 1.13169 at 4:58 pm ET.
