Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the US and China.
US stocks advanced overnight, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
The Australian share market has risen for a fifth-straight session and closed the month higher, as hopes of an interest rate cut narrowed on favourable inflation data.
Wall Street has advanced, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the US-China trade dispute.
Australian shares have recovered to their highest levels since US Liberation Day tariffs sparked a sell-off that wiped trillions of dollars from global markets.
US stocks rebounded overnight as a spate of quarterly earnings reports and hints at the de-escalation of US-China trade tensions brought buyers in from the sidelines.
