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%.
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