In the latest weekly update, US Stock indexes started the week on a negative note but shifted in a positive direction on Thursday and Friday. Results varied widely, with the NASDAQ posting a 2.5% total return, the S&P 500 adding 0.3%, and the Dow slipping 1.0%.
Investors witnessed a blend of gains and losses across these key benchmarks, reflecting the ever-changing dynamics of the market.
Strong results from selected information technology stocks lifted the NASDAQ to its fifth consecutive week of outperformance relative to the S&P 500 and the Dow. Over that five-week period, the NASDAQ gained 7.5%, the S&P 500 added 1.7%, and the Dow was down 2.1%.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 265 points, reaching a closing value of 13,240 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 77 points to settle at 4,282 points. Meanwhile, DJIA Index experienced a notable surge, climbing by 669 points during the week and concluding at 33,762 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with an increase of 49 points to reach 2,458 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable rise of 57 points, ending the week at a steady 1,830 points.
