Shares of Chinese electric vehicle maker Zeekr jumped 34% in its Wall Street debut

Wall Street blue-chip stocks posted their first positive weekly gain in three months, while the S&P 500 eked out a slight gain on Friday after consumer data showed weakening sentiment. along with new concerns about inflation.

The S&P 500 index closed up 0.2%, up 1.9% this week, while the tech-heavy Nasdaq Composite ended flat with a 1.1% gain since Monday morning.

The initial upbeat mood was tempered after data from a May preliminary survey by the University of Michigan showed overall sentiment at a six-month low, but at a six-month high for respondents. with expected inflation, causing some to worry about the possibility of stagnation.

The yield on the interest rate-sensitive 2-year Treasury note rose to 4.87%, up 0.06 percentage point on the day.