WALL STREET BOUNCES BACK AHEAD OF LONG WEEKEND

U.S. stock indexes climbed on Friday, regaining some lost ground following a weak session on Wall Street after inflation concerns rekindled monetary policy caution ahead of a long weekend. The tech-heavy Nasdaq jumped over 1% and was on track for its fifth straight weekly advance, while the blue-chip Dow was set for its first weekly decline in five after dropping to a two-week low on Thursday.

Trading volumes for the day are expected to be light, with the U.S. equity market closed on Monday for Memorial Day. All three main indexes fell on Thursday as economic data pointing to rising price pressures dented bets of interest-rate cuts this year, taking the limelight off Nvidia's blowout quarterly results that reinforced investor faith in Big Tech's bet on artificial intelligence. Nvidia shares rose 0.6% after jumping more than 9% a day earlier, closing above the key $1,000 mark and adding around $218 billion to its market value.

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