Major US Stock Markets Close Higher on Positive Economic Data

On Friday, major stock markets in the United States ended the week on a high note, driven by the latest consumer sentiment report showing a significant improvement in consumer mood. The report indicated that consumer confidence reached its highest level in December since April this year, boosting investor optimism.

Additionally, the rise in personal consumption expenditures and personal income in November further fueled the positive market sentiment. The Dow Jones Industrial Average jumped 1.17%, the Nasdaq 100 rose 0.85%, and the S&P 500 surged 1.09%.

In currency trading, the euro advanced 0.63% against the dollar, reaching $1.04344 at 3:55 pm ET. This week's positive economic indicators suggest a promising outlook for the US economy, with more updates expected in the coming days.