It was another record setting week on Wall Street last week. The Dow Jones Industrial Average stretched its daily win streak to nine consecutive days on Friday, closing out with a 1.2% weekly advance while closing above 22,000 for a new record high. The S&P500 eked out a weekly gain of 0.2% while the Nasdaq finished down slightly.
U.S. stocks continue to show resiliency following a week of less than stellar earnings reports and concerning geopolitical factors around the world. Early in the session this morning, the Dow is continuing to trade in record territory, up over .25%, while the S&P500 and Nasdaq are edging lower.
U.S. stocks are off to a sluggish start this morning ahead of a busy week of market moving events. In early trading this morning, both the Dow and S&P 500 are off 0.3% and 0.16% respectively while the tech heavy Nasdaq is flat.
It was a record setting week on Wall Street last week, as the Dow Jones Industrial Average and S&P500 touched all-time intraday highs on Friday on their way to a solid weekly advance. The tech-heavy Nasdaq Composite set the pace early with gains of 2.6% on the week, while the Dow and S&P500 added 1.0% and 1.4% respectively.
After several back and forth sessions in the U.S. equity markets, the holiday shortened week closed out on a positive note. All three major U.S. indices were in the green for the week with the Dow leading the way with a 0.3% weekly advance.
It was a relatively flat week for US stocks last week - a trend that has persisted for most of the June trading month. The Dow Jones Industrial Average eked out a whopping 12 point gain on the week, while the S&P500 added 0.2% after reaching new highs last Monday.
U.S. stocks are hitting record highs this morning catching the momentum of notable tech giants Apple, Facebook and Amazon. Currently both the Dow and S&P500 are up over 0.5% while the tech heavy Nasdaq is making up ground from last week’s losses, currently up over 1% on the day.
Last week all eyes were focused on Thursday with three potential market moving stories playing out over the course of 24 hours – testimony from former Federal Bureau of Investigation Director James Comey, the U.K. general election and a European Central Bank meeting. Of those three stories, the U.K.
Coming off of a record setting week U.S. stocks are in a holding pattern to start a week jammed packed with market moving news events. Throw in another tragic terror attack over the weekend and investors have a lot to chew on here in the early trading hours of a new week.
US stocks posted another solid weekly advance last week with 2 of the 3 major US benchmarks notching new record highs. The Dow Jones Industrial Average closed up 1.3% on the week, while the S&P500 rose 1.4% on the week capped by a record setting close on Friday - the 20th record of the year for the index.