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.

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.

The S&P 500 may be heading for its first gain since Christmas. The main gauge of Wall Street’s health rose 0.5% in early trading Friday and was on track to break a five-day losing streak. The Dow Jones Industrial Average was up 216 points,

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.

Economic data on tap appeared thin on Friday, while investors in Asia will continue to assess the political uncertainty in South Korea.

Wall Street stocks bounced higher at the start of trading on Friday, but European stock markets retreated as traders booked profits from a positive start to 2025. Wall Street ended lower Thursday on the first US trading day of 2025 despite having started the day higher.