How major US stock indexes fared Friday, 8/16/2024
U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November
U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November.
The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. Treasury yields eased a bit following a couple mixed reports on the U.S. economy. The yield on the 10-year Treasury fell to 3.88%.
The market’s focus will shift next week to Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech at a setting that’s been home to big policy announcements in the past.
On Friday:
The S&P 500 rose 11.03 points, or 0.2%, to 5,554.25.
The Dow Jones Industrial Average rose 96.70 points, or 0.2%, to 40,659.76.
The Nasdaq composite rose 37.22 points, or 0.2%, to 17,631.72.
The Russell 2000 index of smaller companies rose 6.45 points, or 0.3%, to 2,141.92.
For the week:
The S&P 500 is up 210.09 points, or 3.9%.
The Dow is up 1,162.22 points, or 2.9%.
The Nasdaq is up 886.42 points, or 5.3%.
The Russell 2000 is up 61.01 points, or 2.9%.
For the year:
The S&P 500 is up 784.42 points, or 16.4%.
The Dow is up 2,970.22 points, or 7.9%.
The Nasdaq is up 2,620.37 points, or 17.5%.
The Russell 2000 is up 114.85 points, or 5.7%.
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