US Stock Market Live: US stocks began Friday’s trading session on an upswing after March inflation data largely aligned with expectations, despite a significant rise in energy prices. The Dow Jones Industrial Average increased by approximately 0.3%, with the S&P 500 and Nasdaq Composite also rising around 0.3% each at the opening.
US Stock Market LIVE Updates: US stocks began Friday’s session with gains after March inflation data largely matched forecasts, even amid a sharp surge in energy prices. Investors are closely watching whether upcoming weekend discussions can clarify the delicate Iran ceasefire.
The Dow Jones Industrial Average increased by roughly 0.3%, while both the S&P 500 and Nasdaq Composite followed suit with similar gains at the outset.
According to data released by the Labour Department, consumer prices rose by 0.9% month-over-month in March, while the annual inflation rate was recorded at 3.3%. Economists had anticipated a 3.4% year-over-year increase and a comparable monthly rise.
The surge in inflation was primarily driven by energy costs, with gasoline alone seeing an increase of 21.2%, representing nearly three-fourths of the monthly rise. This marked the highest increase in the series since 1967, underscoring how disruptions in the Strait of Hormuz are influencing prices.
Additional data, including durable goods orders and consumer sentiment, is expected later, which may provide insights into the state of the economy.
Part of the market’s stability can be attributed to a reduction in geopolitical tensions. US President Donald Trump has delayed military actions against Iran for two weeks, allowing space for negotiations. However, the situation remains unresolved. Iran has indicated ongoing Israeli operations in Lebanon, while Israel has stated that a formal ceasefire is not in effect. Weekend talks are anticipated to bring more clarity.
Oil prices have retreated from recent peaks but remain high. Both Brent and WTI crude are priced below the $100 per barrel threshold as uncertainties around the Strait of Hormuz persist.
