S&P On Track For Winning Week


(MENAFN- Baystreet) Fresh Record for S&P

  • S&P Futures Little Changed
  • Dow Vaults 400+, NASDAQ Skyrockets on Nvidia Strength
  • Record High for S&P
  • S&P Rallies to All-Time High Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Friday, February 23, 2024

    S&P on Track for Winning Week Advertisment
    The S&P 500 stabilized Friday after hitting another record as investors looked to end the week on a high note.
    The Dow Jones Industrials surged 105.54 points to 39,174.65.
    The much-broader index acquired 5.46 points to 5,092.49.
    The NASDAQ index lost 20.75 points to 16,020.87.
    On the corporate earnings front, Block surged more than 17% after fourth-quarter revenue surpassed Wall Street estimates. Carvana climbed 35% after the used car retailer said it expects retail units to grow in 2024.
    Wall Street is coming off a monster session as Nvidia shares roared higher on strong quarterly results, leading the chipmaker to surpass a $2-trillion valuation. The S&P 500 had best day since January 2023, while the NASDAQ Composite popped 3% for its best session since February 2023. The 30-stock Dow gained 1.2%.
    All three major averages are on track for winning weeks. The S&P 500 is pacing for a 1.6% advance, while the tech-heavy Nasdaq has gained 1.3% so far this week. The Dow is up 1.5% for the period.
    Prices for the 10-year Treasury gained ground, lowering yields to 4.30% from Thursday's 4.33%. Treasury prices and yields move in opposite directions.
    Oil prices slid $1.83 to $76.78 U.S. a barrel.
    Gold prices hiked $6.60 to $2,037.30.




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