Dow Jones slips 40 points, S&P gains as ceasefire hopes lift stocks
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The Dow Jones slipped 40 points while the S&P 500 gained as hopes for a ceasefire lifted stocks. The market remains cautious due to ongoing geopolitical risks and supply constraints in the Middle East, particularly with oil prices steady near $100.
Wall Street's main indexes were mixed on Friday. The S&P 500 was up 0.28% and the Nasdaq 100 gained 0.43%, but the Dow Jones Industrial Average fell 40 points. Inflation data showed the Consumer Price Index rose 3.3% in March, matching expectations. The conflict in the Middle East continues to impact oil prices, which are steady near $100. A fragile ceasefire between the US and Iran has lifted equities, but risks persist. The US Federal Reserve is expected to hold interest rates steady this year due to inflation concerns.
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