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US stocks close higher on 'broad-based' rally

  • U.S. Stocks closed higher on Friday, marking the best week since the November election, with the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all gaining over 3% for the week.
  • Federal Reserve Governor Christopher Waller indicated that interest rates could be cut multiple times this year, boosting investor optimism about rate cuts.
  • The stock market experienced a broad-based rally, with notable gains in technology stocks, as Intel surged 9.2% and Nvidia rose 3.1% on Friday.
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