Wall Street makes gains today but closes out another negative week.

Stock averages rose as the market grew less concerned about a potential recession in the United States, yet they still ended the week lower.

All three major Wall Street indices posted modest gains on Friday. The stock averages climbed as recession fears eased, but they still recorded losses for the week.

The Dow Jones Industrial Average, comprising 30 major companies, inched up 0.13% to close at 39,497.54 points. The S&P 500, which tracks 500 large-cap stocks, gained 0.47% to finish at 5,344.16 points. Meanwhile, the tech-heavy Nasdaq Composite rose 0.51% to 16,745.30.

Friday’s gains extended the momentum from what had been the best session for the indices in over a year, driven by better-than-expected labor data. This came after the market experienced its worst day in two years on Monday, marked by high volatility.

All sectors posted gains except for commodities, which dipped by 0.1%. The top performers were communications (up 0.97%) and technology (up 0.64%). Within the Dow Jones, the largest movers were American Express (+1.93%) and Intel (-3.81%).

Investors are now gearing up for a week of crucial economic data releases, including the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales figures—key indicators for the future direction of Federal Reserve interest rates.

For the week, both the Nasdaq and S&P 500 recorded their fourth consecutive week of losses, down 0.18% and 0.05%, respectively. The Dow Jones logged its second straight week of declines, dropping by 0.60%.