The major U.S. stock indexes didn’t replicate the robust performance of the previous week but managed modest gains, resulting in the market achieving its eighth consecutive positive week.
This marked the longest such streak for the S&P 500 since November 2017, with the index finishing just 0.9% below its record closing high on January 3, 2022.
Small-cap stocks in the U.S. outperformed large-cap stocks significantly for the second consecutive week, leading to a nearly 3% weekly gain for the Russell 2000 Index. Despite lagging behind large-cap peers year-to-date, the Russell 2000 has seen a remarkable surge of over 24% since its recent low on October 27.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent drop of 28 points, reaching a closing value of 14,964 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 4 points to settle at 4,758 points. Meanwhile, DJIA Index experienced a notable hike, rising by 210 points during the week and concluding at 37,595 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 2 points to reach 2,743 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 2 points, ending the week at 2,031 points.
