(MENAFN- Baystreet) Dow Pursues 40K, Stocks Flat
Dow Pursues 40K, Stocks Flat
Dow Futures Little Changed
Dow Moves Downward After Topping 40K for First Time
Dow Continues to Pursue 40K Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Friday, May 17, 2024
Dow Tops 40K, All-Time High Advertisment
The
Dow Jones Industrial Average closed Friday above the key 40,000 level after hitting that benchmark in the previous session.
The 30-stock
index leaped 134.97 points to close Friday and the week at 40,004,35.
The
S&P 500 gained 6.17 points to 5,303.27.
The NASDAQ Composite subtracted 12.35 points to 16,685,97.
Shares of Walmart and Caterpillar, both 1% higher, led the Dow. Chubb took on more than 3%, and Valero Energy gained more than 4%. The two were the biggest gainers in the S&P 500.
Stocks are on pace for a strong finish to the week, with the Dow up 1% and on pace for its fifth straight weekly gain. The S&P 500 hiked 1.5%, and NASDAQ climbed 2.3% week to date, on track for their longest winning streak since February.
This week's ascent has helped propel the three indexes into positive territory for the second quarter despite a tough start. The S&P 500 and NASDAQ are now each up more than 11% in 2024, while the Dow has climbed more than 5% this year.
Prices for the 10-year Treasury slipped, raising yields to 4.42% from Thursday's 4.38%. Treasury prices and yields move in opposite directions.
Oil prices took on 75 cents to $79.95 U.S. a barrel.
Gold prices moved ahead $35.10 to $2,411.70.
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