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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