US stocks jumped on Friday, ending a five-day losing streak for the S&P 500, Dow Jones, and Nasdaq 100. Risk-on stocks in the consumer discretionary and technology sectors led the market higher.

U.S. stocks were up in midday trading Friday, with the S&P 500 attempting to snap a five-day losing streak. The S&P 500 was up 59 points, or a sharp 1%, at almost 5,928. The Dow Jones Industrial Average was gaining 240 points, or 0.6%, to trade at nearly 42,633.

Wall Street snapped out of its holiday-season funk on Friday. The S&P 500 rallied 1.3% for its first gain since Christmas and its best day in nearly two months. Strength for Big Tech stocks helped it break a five-day losing streak,

Indexes failed to hold onto early gains, with investors extending their losing streak to five days. Hope is fading for a Santa Claus rally to take shape.

The S&P 500 may be heading for its first gain since Christmas. The main gauge of Wall Street’s health rose 0.6% Friday and was on track to break a five-day

Asian markets have opened with gains after U.S. stock indexes slipped as Wall Street’s weak end to last year carried into 2025.

The Santa Claus trading window ends Friday, and a negative return during the seven-day trading window could be a bad sign for 2025, a strategist said.