Wall Street ends higher on gains by most megacaps
With megacap stocks having outsized influence on markets, their performance during a week in which many investors take time off will be even more pronounced. Volumes on U.S. exchanges were 12.76 billion shares, down from the 14.89 billion shares average from the previous 20 trading days.
Meta Platforms, Nvidia and Tesla all closed between 2.3% and 3.7% higher, with Apple, Amazon.com, and Google parent Alphabet also in positive territory.
The gains helped propel the Nasdaq Composite and the Dow Jones Industrial Average to their third straight increases, and a second advance in three sessions for the S&P 500.
The S&P 500 gained 43.22 points, or 0.73%, to 5,974.07 points, and the Nasdaq Composite rose 192.29 points, or 0.98%, to 19,764.89. The Dow Jones Industrial Average climbed 66.69 points, or 0.16%, to 42,906.95.
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