U.S. Stock indices experienced modest gains, sustaining a positive trend following a robust rally the previous week, marking the most substantial weekly increase in 2023. In the latest week, the NASDAQ saw an increase of over 2%, the S&P 500 rose by more than 1%, and the Dow recorded a marginal gain.
However, a week after a notable 8% surge, a benchmark for U.S. small-cap stocks reported a weekly decline of more than 3%, significantly trailing the moderately positive performance of its large-cap counterparts. As a result, the Russell 2000 Index ended the week slightly in negative territory for the year-to-date, showing a 15% decrease from a recent high on July 31.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 327 points, reaching a closing value of 14,125 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 99 points to settle at 4,514 points. Meanwhile, DJIA Index experienced a notable hike, rising by 664 points during the week and concluding at 34,947 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 64 points to reach 2,579 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 92 points, ending the week at 1,797 points.
