Stock Market Rises as S&P 500, Nasdaq Add More Than 6% Last Week (DE.SXR8)
The S& P 500 raced higher Friday, notching its best week of the year and snapping a punishing losing streak that had almost ended its bull market. On Friday, new data showed that U.S. households boosted spending for a fourth straight month, though they reached deeply into savings to do so. Meanwhile, a closely watched U.S. inflation reading eased in April. The data, alongside some strong earnings, has pushed shares of retailers sharply higher. Dollar Tree (US.DLTR), Ulta Beauty (US.ULTA) and Ross Stores (US.ROST) were among the weekâs biggest winners in the S& P 500, gaining at least 20% apiece. 
The S& P 500 gained 100.40 points, or 2.5%, to close Friday at 4158.24. The Dow Jones Industrial Average (DE.SXRU) added 575.77 points, or 1.8%, to 33212.96. The tech-heavy Nasdaq (DE.SXRV) added 390.48 points, or 3.3%, to 12131.13.Still, few investors and strategists are willing to call a bottom to a selloff that has sent the S& P 500 falling around 13% for the year. Some traders said the recent gains seemed like a short-term rally during a broader decline.
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