U.S. stock indexes extended their upward trajectory for the third consecutive week, with the S&P 500, NASDAQ, and Dow all registering total returns exceeding 2%. Notably, smaller stocks led the charge, with the Russell 2000 Index, representing small-cap stocks, experiencing a robust surge of over 5%.
The market rally was ignited on Tuesday following a monthly inflation report that exceeded expectations, injecting momentum into what was otherwise a relatively subdued week of trading. On that day, the NASDAQ saw a 2.4% increase, the S&P 500 gained 1.9%, and the Russell 2000, representing small-cap stocks, notably jumped by 5.4%.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 125 points, reaching a closing value of 14,250 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 45 points to settle at 4,559 points. Meanwhile, DJIA Index experienced a notable hike, rising by 443 points during the week and concluding at 35,390 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 26 points to reach 2,605 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 10 points, ending the week at 1,807 points.
