Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000.
The benchmark index rose 0.6%, marking its 14th winning week in the last 15. The Nasdaq composite rose 1.2%, pulling closer to its all-time high set in late 2021, as Big Tech stocks were some of the market’s strongest. Nvidia, Microsoft and Amazon all posted big gains.
The Dow Jones Industrial Average was a laggard a day after setting its own all-time high, dipping 0.1%. Treasury yields held relatively steady in the bond market, helping to keep things smooth.
On Friday:
The S&P 500 rose 28.70 points, or 0.6%, to 5,026.61.
The Dow Jones Industrial Average fell 54.64 points, or 0.1%, to 38,671.69.
The Nasdaq composite rose 196.95 points, or 1.2%, to 15,990.66.
The Russell 2000 index of smaller companies rose 30.29 points, or 1.5%, to 2,009.99.
For the week:
The S&P 500 is up 68 points, or 1.4%.
The Dow is up 17.27 points, or less than 0.1%.
The Nasdaq is up 361.71 points, or 2.3%.
The Russell 2000 is up 47.26 points, or 2.4%.
For the year:
The S&P 500 is up 256.78 points, or 5.4%.
The Dow is up 982.15 points, or 2.6%.
The Nasdaq is up 979.31 points, or 6.5%.
The Russell 2000 is down 17.08 points, or 0.8%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
