Wall Street today: US stocks gain ahead of consumer sentiment data, Levi Strauss tanks 9%

US stocks gained on Friday, as investors await the consumer sentiment data for fresh clues on the economy.

The stock indices remain near record highs, having shrugged off the US government shutdown while anticipating further Federal Reserve interest rate cuts.

As of 9:35 AM Eastern Time, the S&P 500 rose 0.2%, the Dow Jones Industrial Average was up 0.5%, and the Nasdaq Composite was 0.2% higher.

At the open, the Dow Jones Industrial Average rose 36.5 points, or 0.08%, to 46,394.88. The S&P 500 rose 5.4 points, or 0.08%, to 6,740.49, while the Nasdaq Composite rose 18.9 points, or 0.08%, to 23,043.519.

In the bond market, the yield on the 10-year Treasury sank to 4.09% from 4.14% late on Thursday.

Levi Strauss stock dropped 9% despite the company reported a stronger quarterly profit.

Amcor shares gained 3.3% after the packaging company maintained its profit forecast for coming fiscal year.

Global oil prices dropped sharply to multi-month lows on Friday, as the immediate risk premium that had sustained the market faded following the announcement of a planned end to hostilities in Gaza.

The decline was triggered by the signing of a ceasefire agreement between Israel and the Palestinian group Hamas on Thursday. This accord represents the initial phase of a peace initiative brokered by US President Donald Trump, intended to bring the conflict in the region to a close.

Brent crude futures edged down $1.73, or 2.7%, at $63.49 a barrel at 1316 GMT. US West Texas Intermediate crude was down $1.71, or 2.8%, to $59.80.

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