Stocks closed higher ahead of the long holiday weekend. In addition to the bargain hunters who swooped in after Thursday strong broad market Some encouraging economic data helped fuel today's rally.
Specifically, census bureau data
In other economic news, the University of Michigan Final May Consumer Sentiment Index
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Concerns about slowing job and wage growth and higher growth for longer Interest rates Joanne Hsu
Today's durable goods numbers indicate manufacturing sector recovery, says Jose Torres Soft landing
Deckers Outdoor reaches an all-time high after its results
In individual stock news, Outdoor Deckers (DECK ) shot up 14.2% today to close at a new all-time high. Driving retail stocks was its better-than-expected fiscal fourth-quarter earnings report, which showed 18% year-over-year revenue growth and a 51% rise in earnings per share.
Still, CFRA Research analyst Zechariah at war consumer discretionary stocks
Ross Stores rebounds after earnings
Ross Stores (Rost ) was another post-earnings winner, up 7.8% after beating revenue and results estimates in its first quarter.
"ROST's first quarter report suggests that the company's underlying fundamentals remain quite strong even as its core low- to mid-income clients experience significant macroeconomic pressure," it says. USB Global Research Analyst Jay Suela
Regarding the main indices, the Nasdaq CompoundS&P 500 added 0.7% to 5,304, and the Dow Jones Industrial Average Nasdaq and the S&P 500 extended their consecutive weekly winning streaks to five, the Dow snapped its weekly winning streak.
As a reminder, Monday is a stock market vacation
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