Index Bounces Off Lows as Government Shutdown Concerns Ease | Global News Avenue

Major U.S. stock indexes have grown higher and lowered some concerns about the imminent government shutdown after Senate Democrats retreated threats to reject the threat of the Republican spending bill.

The S&P 500 index rose 2.1%. The Dow Jones Index rose 1.7%, while the resurgence of technology stocks helped boost the Nasdaq by 2.6%. Despite the recovery on Friday, all three market meters ended in the negative territory throughout the week, as Uncertainty in U.S. trade policy Still in focus.

Ulta Beauty (Ulta) Shares soared 13.7%, earning the most of all S&P 500 stocks on Friday after cosmetics retailers reported Earnings per share exceeds expected revenue, net sales and comparable sales During the critical holiday quarter. Ulta CEO Kecia Steelman, who took over in early 2025, said that it is crucial for the upcoming fiscal year to invest in growth and business optimization as a seller of cosmetics and personal care products.

Crown Castle (CCI), a real estate investment trust (REIT) focused on communication infrastructure, agreed Selling its fiber optic business To EQT Active Core Infstructure Fund and Zayo Group holdings totaling US$8.5 billion. The company intends to use the proceeds from the transaction to reduce debt and initiate a stock buyback program. Shares of Crown Castle soared 10.4%.

Stock of Palantir Technologies, a big data analytics companybacteria) Leaped 8.3% CEO Alex Carp announced a new partnership with defense manufacturing startups, which underscores the importance of economic and national security that strengthens the domestic industrial base. Some companies that utilize Palantir’s AI software include vertical contact aircraft company Archer Aviation and Autonomous Marine ship company Saildrone.

Abbott Laboratory (abt) Stocks fell 2.4%, releasing the weakest daily performance of the S&P 500 after a Missouri judge approved a retry requirement for liability lawsuits related to the company, which allegedly masked the possible risks of its premature infant formula. However, Bank of America analysts maintained a “buy” rating on Abbott stock, noting that the retrial decision opened up the possibility of taking other legal proceedings, but did not overturn the original ruling.

Bristol-Myers Squibb’s shares in biopharmaceuticals (BMY) fell 2.1%. The stock’s stock reversal after Bristol-Myers Squibb announced plans to acquire cancer cell therapy maker for $27 billion in cash. The two companies have previously worked together to treat multiple myeloma, a type of hematologic cancer.

Kroger (kr) is the largest operator of traditional grocery stores in the United States, announcing undisclosed job layoffs, including a subsidiary that reduces its consumer insights by 84.51°. Kroger’s CEO resigns Earlier this month, in an investigation into his personal behavior, and Analyst recommendations Hire former Walmart executives (WMT) can help Kroger compete with retail giants. Kroger shares lost 1.5% on Friday.