Wall Street closed its best week of the year so far with a quiet finish.
The S&P 500 slipped 0.1% Friday after setting all-time highs in each of the last three days.
The Dow Jones Industrial Average slumped 305 points, or 0.8%. The Nasdaq composite rose 0.2% to add to its record.
Nike dragged on the market despite reporting stronger results than expected. Digital World’s stock flipped to a loss in shaky trading after its shareholders approved a deal to merge with former President Donald Trump’s social media company.
Treasury yields eased in the bond market.
On Friday:
The S&P 500 fell 7.35 points, or 0.1%, to 5,234.18.
The Dow Jones Industrial Average fell 305.47 points, or 0.8%, to 39,475.90.
The Nasdaq composite rose 26.98 points, or 0.2%, to 16,428.82.
The Russell 2000 index of smaller companies fell 26.56 points, or 1.3%, to 2,072.
For the week:
The S&P 500 is up 117.09 points, or 2.3%.
The Dow is up 761.13 points, or 2%.
The Nasdaq is up 455.64 points, or 2.9%.
The Russell 2000 is up 32.68 points, or 1.6%.
For the year:
The S&P 500 is up 464.35 points, or 9.7%.
The Dow is up 1,786.36 points, or 4.7%.
The Nasdaq is up 1,417.47 points, or 9.4%.
The Russell 2000 is up 44.92 points, or 2.2%.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
