Market Optimism as Dow Soars

On Friday, the US stock market witnessed a significant uptick, with the Dow Jones Industrial Average climbing 200 points, marking a 0.52% increase. This surge comes as investors closely watch the latest consumer sentiment report for March, anticipating a drop in confidence due to economic and inflationary uncertainties.

Tech and Beauty Stocks Lead the Charge

Leading the charge, Amazon.com Inc. saw a 1.57% rise, while the Nasdaq 100 added 1.77%, largely thanks to a 5.71% jump by Micron Technology Inc. The S&P 500 wasn't far behind, improving by 1.16%, with Ulta Beauty Inc. surging an impressive 7.83%.

Euro Strengthens Against the Dollar

In currency news, the euro strengthened by 0.8% against the dollar, trading at 1.08969 by 9:38 am ET. This movement comes as gold prices hit a new milestone, reaching the $3,000 mark for the first time, signaling a shift in investor confidence towards safer assets.