U.S. stocks rose in a bounce back from Wall Street’s worst day since April.
The S&P 500 gained 0.7 percent to win back all its losses from earlier in the week. It eked out a fifth straight winning week and is just shy of its record set on Tuesday. The Dow Jones Industrial Average rose by less than 0.1 percent, and the Nasdaq composite gained 1.1 percent to top its all-time high set earlier this week.
Nvidia climbed again following its blowout profit report earlier this week to help push the market higher. Treasury yields were stable after a better-than-expected report on consumer sentiment.
On Friday:
The S&P 500 rose 36.88 points, or 0.7 percent, to 5,304.72.
The Dow Jones Industrial Average rose 4.33 points, or less than 0.1 percent, to 39,069.59.
The Nasdaq composite rose 184.76 points, or 1.1 percent, to 16,920.79.
The Russell 2000 index of smaller companies rose 21.26 points, or 1 percent, to 2,069.67.
For the week:
The S&P 500 is up 1.45 points, or less than 0.1 percent.
The Dow is down 934 points, or 2.3 percent.
The Nasdaq is up 234.83 points, or 1.4 percent.
The Russell 2000 is down 26.05 points, or 1.2 percent.
For the year:
The S&P 500 is up 534.89 points, or 11.2 percent.
The Dow is up 1,380.05 points, or 3.7 percent.
The Nasdaq is up 1,909.44 points, or 12.7 percent.
The Russell 2000 is up 42.59 points, or 2.1 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
