(MENAFN- Baystreet)
S&P on Track for Winning Week
Fresh Record for S&P
S&P Futures Little Changed
Dow Vaults 400+,
nasdaq Skyrockets on Nvidia Strength
Record High for S&P Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Friday, February 23, 2024
Indexes at All-Time Records 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 gained 62.42 points to end the week at a brand-new high of 39,131.53.
The much-broader
index eked up 1.77 points to 5,088.80.
The NASDAQ index lost 44.8 points to 15,996.82.
On the corporate earnings front, Block surged more than 18% after fourth-quarter revenue surpassed Wall Street estimates. Carvana climbed 31% 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 1.8% advance, while the tech-heavy NASDAQ has gained roughly 1.6% so far this week. The Dow is up 1.4% for the period.
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 vaulted, lowering yields to 4.25% from Thursday's 4.33%. Treasury prices and yields move in opposite directions.
Oil prices slid $2.01 to $76.60 U.S. a barrel.
Gold prices popped $15.60 to $2,037.30.
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