Dow posts third straight record close, S&P 500 scores longest weekly win streak in six years

by | Dec 16, 2023 | Stock Market

U.S. stocks closed mostly higher Friday, with major U.S. equity indexes booking a seventh straight week in the green in the wake of the Federal Reserve’s policy meeting. The S&P 500 saw its longest weekly winning streak since November 2017, according to Dow Jones Market Data.

How stock indexes traded
The Dow Jones Industrial Average
DJIA
rose 56.81 points, or 0.2%, to close at a record 37,305.16.

The S&P 500
SPX
was about flat, slipping less than 0.1%, to finish at 4,719.19

The Nasdaq Composite
COMP
gained 52.36 points, or 0.4%, to end at 14,813.92.

What drove markets U.S. stocks finished mostly higher Friday, with the Dow Jones Industrial Average logging a third straight record close. Equities broadly rallied this week after investors digested a closely watched reading on U.S. inflation as well as the Federal Reserve’s latest policy statement and projections on interest rates. The Dow, S&P 500 and Nasdaq Composite each logged a seventh straight week of gains. The “more optimistic ton …

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[mwai_chat context=”Let’s have a discussion about this article:nnU.S. stocks closed mostly higher Friday, with major U.S. equity indexes booking a seventh straight week in the green in the wake of the Federal Reserve’s policy meeting. The S&P 500 saw its longest weekly winning streak since November 2017, according to Dow Jones Market Data.

How stock indexes traded
The Dow Jones Industrial Average
DJIA
rose 56.81 points, or 0.2%, to close at a record 37,305.16.

The S&P 500
SPX
was about flat, slipping less than 0.1%, to finish at 4,719.19

The Nasdaq Composite
COMP
gained 52.36 points, or 0.4%, to end at 14,813.92.

What drove markets U.S. stocks finished mostly higher Friday, with the Dow Jones Industrial Average logging a third straight record close. Equities broadly rallied this week after investors digested a closely watched reading on U.S. inflation as well as the Federal Reserve’s latest policy statement and projections on interest rates. The Dow, S&P 500 and Nasdaq Composite each logged a seventh straight week of gains. The “more optimistic ton …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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