Amidst the ongoing earnings season, both the Dow and the S&P 500 notched their second consecutive weekly gains, while the NASDAQ experienced a slight dip. As of Friday, the second week of earnings reporting, approximately 75% of S&P 500 companies had surpassed analysts’ expectations for quarterly net income, as reported by FactSet.
On Friday, the Dow recorded a marginal 0.01% gain, securing its impressive 10-day winning streak. The index’s remarkable performance can be attributed to strong quarterly earnings from several of its 30-component stocks. Over the course of these ten days, the Dow has surged by more than 4% overall, indicating a notable uptrend.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a massive gain of 226 points, reaching a closing value of 14,316 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 46 points to settle at 4,582 points. Meanwhile, DJIA Index experienced a notable surge, adding by 232 points during the week and concluding at 35,459 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a hike of 25 points to reach 2,636 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable added of 21 points, ending the week at a steady 1,981 points.
