ISTANBUL

US stocks ended the week with gains Friday, rebounding from losses suffered most of the week.

A House of Representatives-passed government funding bill was backed to advance in the Senate, avoiding a government shutdown.

Senate Minority Leader Chuck Schumer announced Thursday that he would support the six-month Republican funding bill to avert a shutdown.

US President Donald Trump congratulated Schumer on Friday for deciding to vote to advance the bill.

US consumer sentiment fell 6.8 points to 57.9 in March, the lowest since November 2022, according to a University of Michigan's consumer survey.

Consumers short-term inflation expectations jumped to 4.9% in March from 4.3% in February, also marking the highest reading since November 2022.

Long-term inflation expectations also increased to 3.9% from 3.5% in February, which marked the largest monthly increase seen since 1993.

While investors focused on tariffs, stocks fell most of the week until Friday, as they rose after the White House lacked any fresh news about tariffs, temporarily allaying fears of rising tensions.

Big tech stocks recovered sharply after being shaken earlier this week. Nvidia increased more than 5%, Tesla saw a nearly 4% jump, while Meta Platforms rose nearly 3%. Apple and Amazon also grew around 2%.

The Dow rose 1.65%, or 674.62 points, to end the week at 41,488.19.

The S&P 500 added 2.13%, or 117.42 points, to 5,638.94, and the Nasdaq Composite gained 2.61%, or 451.07 points, to 17,754.09.

Meanwhile, the VIX Index, also known as the “fear index," fell 11.72% to 21.77.