"People are more sanguine about the possibility of inflation being under control and the economy avoiding a recession," said Win Murray, director of research at asset manager Diamond Hill.
Volume on U.S. exchanges was 10.10 billion shares, compared with the 10.45 billion average for the full session over the last 20 trading days. To complete a week of encouraging signs, more than half of the firms listed on the S&P 500 have reported second quarter earnings as of Friday, out of which 78.7% have surpassed analyst expectations, according to Refinitiv data.
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