Dow Jumps Over 600 Points; US Consumer Sentiment Tumbles In March

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 600 points on Friday.

The Dow traded up 1.53% to 41,436.27 while the NASDAQ climbed 2.36% to 17,712.11. The S&P 500 also rose, gaining, 1.91% to 5,627.14.

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Leading and Lagging SectorsInformation technology shares jumped by 1.9% on Friday.

In trading on Friday, consumer staples shares rose by just 0.1%.

Top Headline

The University of Michigan consumer sentiment dipped to 57.9 in March, recording the lowest reading since November 2022, compared to 64.7 in the previous month and down from market estimates of 63.1.

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Applied Optoelectronics, Inc. (NASDAQ:AAOI) shares shot up 33% to $21.16 after the company ...