Fresh Record For S&P

(MENAFN- Baystreet) S&P on Track for Winning Week

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  • 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

    Fresh Record for S&P Advertisment
    Stocks rose Friday, building on the strong gains seen in the previous session as investors looked to end the week on a high note.
    The Dow Jones Industrials gained 187.05 points to 39,256.16.
    The S&P 500 index jumped 16.03 points to 5,103.06, breaking about 5,100 for the first time.
    The NASDAQ index added 8.02 points to 16,049.64.
    Block surged more than 21% after fourth-quarter revenue surpassed Wall Street estimates. Carvana climbed 30% after the used car retailer said it expects retail units to grow in 2024.
    All three major averages are on track for winning weeks: The S&P 500 is pacing for a 2% advance, while the NASDAQ has gained 2.2% so far this week. The Dow is up 1.4% 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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