Wall Street rallied to cap a winning week, month and first half of the year after reports suggested pressure on inflation may be easing.
The S&P 500 jumped 1.2% Friday to reach its highest level since April 2022. It surged 15.9% in the first half of the year.
The Dow rose 0.8% and the Nasdaq composite added 1.4%.
The market has rallied through 2023 in part because the economy has been able to avoid a long-predicted recession. Wall Street hopes inflation is easing enough for the Federal Reserve to soon halt its hikes to rates.
On Friday:
The S&P 500 rose 53.94 points, or 1.2%, to 4,450.38.
The Dow Jones Industrial Average rose 285.18 points, or 0.8%, to 34,407.60.
The Nasdaq composite rose 196.59 points, or 1.4%, to 13,787.92
The Russell 2000 index of smaller companies rose 7.14 points, or 0.4%, to 1,888.73.
For the week:
The S&P 500 is up 102.05 points, or 2.3%.
The Dow is up 680.17 points, or 2%.
The Nasdaq is up 295.41 points, or 2.2%.
The Russell 2000 is up 67.10 points, or 3.7%.
For the year:
The S&P 500 is up 610.88 points, or 15.9%.
The Dow is up 1,260.35 points, or 3.8%.
The Nasdaq is up 3,321.44 points, or 31.7%.
The Russell 2000 is up 127.49 points, or 7.2%.
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
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
