The stock market closed a week of gains against the backdrop of low retail sales data, which strengthened the likelihood of an interest rate cut in December.
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The S&P 500 rose by 3.73%.
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The Nasdaq closed with a gain of 4.91%.
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The Dow Jones increased by 3.18%.
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10-Year Treasury Yields dropped by 1.08% to 4.01%.
Sector Performance
In terms of sectors, Consumer Discretionary outperformed, rising by 4.86% over the past week. Conversely, the Energy sector posted the lowest returns, rising by 1.15%.