SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets end mostly in green on Friday

US markets end mostly in green on Friday

11 May 2024 Evaluate

The US markets ended mostly in green on Friday. The strength on markets partly reflected recently renewed optimism about the outlook for interest rates. Recent data has pointed to some softness in the U.S. labor market, increasing investor confidence the Federal Reserve will lower interest rates in the coming months. However, buying interest was partly offset by the release of a report from the University of Michigan showing a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Street had expected the index to edge down to 76.0. With the much steeper than expected drop, the consumer sentiment index tumbled to its lowest level since hitting 61.3 last November. The report also showed a notable increase in year-ahead inflation expectations, which jumped to 3.5 percent in May from 3.2 percent in April, reaching the highest level since hitting 4.5 percent last November.

Long-run inflation expectations also inched up to 3.1 percent in May from 3.0 percent in April, remaining elevated relative to the 2.2-2.6 percent range seen in the two years pre-pandemic. On the sectoral front, most of the major sectors showed only modest moves on the day, contributing to the lackluster performance by the broader markets. Semiconductor stocks showed a strong move to the upside, however, with the Philadelphia Semiconductor Index climbing by 1.0 percent. Networking stocks also saw notable strength on the day, while energy stocks came under pressure amid a decrease by the price of crude oil.

Dow Jones Industrial Average surged 125.08 points or 0.32 percent to 39,512.84 and S&P 500 was up by 8.6 points or 0.16 to 5,222.68, while Nasdaq fell 5.4 points or 0.03 percent to 16,340.87. 


Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×