Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000.
The benchmark index rose 0.6 percent, marking its 14th winning week in the last 15. The Nasdaq composite rose 1.2 percent, pulling closer to its all-time high set in late 2021, as Big Tech stocks were some of the market’s strongest. Nvidia, Microsoft and Amazon all posted big gains.
The Dow Jones Industrial Average was a laggard a day after setting its own all-time high, dipping 0.1 percent. Treasury yields held relatively steady in the bond market, helping to keep things smooth.
On Friday:
The S&P 500 rose 28.70 points, or 0.6 percent, to 5,026.61.
The Dow Jones Industrial Average fell 54.64 points, or 0.1 percent, to 38,671.69.
The Nasdaq composite rose 196.95 points, or 1.2 percent, to 15,990.66.
The Russell 2000 index of smaller companies rose 30.29 points, or 1.5 percent, to 2,009.99.
For the week:
The S&P 500 is up 68 points, or 1.4 percent.
The Dow is up 17.27 points, or less than 0.1 percent.
The Nasdaq is up 361.71 points, or 2.3 percent.
The Russell 2000 is up 47.26 points, or 2.4 percent.
For the year:
The S&P 500 is up 256.78 points, or 5.4 percent.
The Dow is up 982.15 points, or 2.6 percent.
The Nasdaq is up 979.31 points, or 6.5 percent.
The Russell 2000 is down 17.08 points, or 0.8 percent.
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