Ammon News - Stock indexes rose on Friday after Federal Reserve Chair Jerome Powell said the U.S. economy continues to be in a good place and it remains to be seen if the Trump administration's tariff plans will prove to be inflationary, while U.S. 10-year Treasury yields also turned higher.

Stocks and Treasury yields were lower earlier in the day after data showed the U.S. economy created fewer jobs than expected last month, adding to recent worries about economic growth. The jobs report pushed up market expectations for the amount of rate cuts from the Federal Reserve this year.

The S&P 500 on Friday registered its biggest weekly percentage decline since September, while on Thursday, the Nasdaq confirmed a correction, defined as a fall of at least 10%, since peaking in December, as tariffs announced by Trump have fueled investor uncertainty.

On Wall Street, the Dow Jones Industrial Average rose 222.64 points, or 0.52%, to 42,801.72, the S&P 500 gained 31.68 points, or 0.55%, to 5,770.20 and the Nasdaq Composite rose 126.97 points, or 0.70%, to 18,196.22. Reuters