MarketPR

S&P 500 Gains 0.59% As Oil Stays High And Consumer Sentiment Falls

10/10/2026

The S&P 500 (SPY) climbed 0.59% on Friday, ending the week higher after a Thursday decline driven by artificial intelligence sector concerns.

The tech-heavy Nasdaq Composite rose 0.64%, while the Dow Jones Industrial Average outperformed both benchmarks with an 0.83% increase.

Energy markets remained elevated despite President Donald Trump's statement that Russian President Vladimir Putin agreed to supply diesel to the United States and global markets.

This move was intended to address supply crunches stemming from the war in the Middle East. Concurrently, Iran announced it will escalate hostilities in the Strait of Hormuz as prospects for an agreement with the U.S.