S&P 500 closes week with strong gains, overcoming hawkish Fed comments, consumer sentiment concerns

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• S&P 500 rises 1.54%, closing at 4,414.57, marking its seventh consecutive week of gains.
• Nasdaq 100 and Dow Jones Industrial also post gains, with technology and consumer sectors leading.
• Market players overlook Fed Chair Jerome Powell’s hawkish comments, focusing instead on mixed economic data.
• Upcoming week to focus on US inflation data, unemployment claims, and further commentary from Federal Reserve officials.

Wall Street is set to finish the week with gains, as the S&P 500 prints solid gains above the 4,400 figure, shrugging off a deteriorated consumer sentiment, while US Treasury bond yields stabilized after climbing more than 10 bps along the whole yield curve on Thursday.