Stock Market Rises as Economical Optimism Prevails Before Holiday Weekend

In the anticipation of the approaching Memorial Day weekend, the stock market witnessed a noticeable increase. A notable rebound was a result of both opportunistic buyers capitalizing on the significant market downturn seen on Thursday and the influence of positive economic reports.

Crucial information contributing to the upbeat sentiment originated from the Census Bureau, revealing that new orders for durable goods experienced a 0.7% hike from March to April. This positive trend marks the third month of continuous growth in this area, indicating a potential stabilization in the economy.

Investors who might have been eager to find value after the previous session's market sell-off seemed to have found their confidence again, bolstered by the aforementioned economic data which may have alleviated some concerns over the health of the economy.

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