The US markets recovered lost ground on Friday and ended higher as traders preferred to buy stocks at reduced levels following the recent weakness. In optimistic trading session, Dow Jones has reached a new record intra-day high. Some support also came as preliminary data released by the University of Michigan showed that consumer sentiment index rose to 57.3 in February after jumping to 56.4 in January. The street had expected the index to dip to 55.5. With the unexpected increase, the consumer sentiment index reached its highest level since hitting 58.2 in August 2025. The unexpected uptick by the consumer sentiment index came as sentiment surged among consumers with the largest stock portfolios.
On the sectorial front, Computer hardware and semiconductor stocks also moved sharply higher during the session following recent weakness, driving the NYSE Arca Computer Hardware Index and Philadelphia Semiconductor Index up by 6.8 percent and 5.7 percent, respectively.
Dow Jones Industrial Average surged 1,206.95 points or 2.47 percent to 50,115.67, Nasdaq increased 490.62 points or 2.18 percent to 23,031.21 and S&P 500 added 133.90 points or 1.97 percent to 6,932.30.
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