The University of Michigan’s Consumer Sentiment Index rose to 48.9 in early June 2026, up from May’s all-time low of 44.8US Markets end higher on Friday – Latest News
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13 Jun 2026
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U.S. markets ended higher on Friday with investors hoping for the arrival of a potential peace deal between the U.S. and Iran. Traders took support with the University of Michigan’s report showing that a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan’s Consumer Sentiment Index rose to 48.9 in early June 2026, up from May’s all-time low of 44.8 and above market expectations of 46. The modest recovery reflected some relief from early-month easing in gasoline prices, with improvements seen across age, education, and political groups. Lower-income consumers, for whom gasoline represents a larger share of budgets, showed a particularly strong increase in sentiment. Assessments of personal finances and business conditions both improved this month. On the sectoral front, Gold stocks experienced a sharp rally along with the price of the precious metal, fueling the 3.1% spike in the NYSE Arca Gold Bugs Index. Airline stocks also posted strong gains amid the drop in the price of crude oil, resulting in a 2.8 percent surge by the NYSE Arca Airline Index.
Nasdaq surged 79.18 points or 0.31 percent to 25,888.84, Dow Jones Industrial Average increased 353.51 points or 0.70 percent to 51,202.26 and S&P 500 was up 37.16 points or 0.50 percent to 7,431.46.
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