U.S. stocks pushed higher on Friday, putting the S&P 500 index within the range of what would be its first record closing high in two years, FactSet data show. How are stocks trading?
The S&P 500
SPX
rose 17.5 points, or 0.4%, to 4,797.
The Dow Jones Industrial Average
DJIA
gained 118 points, or 0.3%, to 37,587.
The Nasdaq Composite
COMP
advanced 76 points, or 0.5%, to 15,134.
On Thursday, the S&P 500 rose 41.73 points, or 0.9%, to end at 4,780.94, and the Dow industrials rose 201.94 points, or 0.5%, to finish at 37,468.61, ending a three-day losing streak. Meanwhile, the Nasdaq Composite surged 200.03 points, or nearly 1.4%, to 15,055.65.
What’s driving markets U.S. stocks saw a modest pop at the open after the S&P 500 finished Thursday’s session within 0.3% of its record closing high of 4,796.56, reached Jan. 3, 2022. Technology stocks are giving the market a boost once again on Friday as that corner of the market continued to outperform. Gains from members of the Magnificent Seven group of megacap technology stocks, along with a handful of others, helped put the tech-heavy Nasdaq-100 index on track for a second straight record close on Friday. The Invesco QQQ Trust Series 1
QQQ,
an ETF that tracks the Nasdaq-100, was trading above $416, according to FactSet data. The index was helped along by gains from chipmakers like Nvidia Corp.
NVDA,
+2.64%
and Broadcom Inc.
AVGO,
+3.25%,
spurred by signs of more strength in the semiconductor space. Better-than-expected results from chip-making giant Taiwan Semiconductor Manufacturing Co.
TSM,
+0.14%
on Thursday helped drive a powerful session for th …
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The S&P 500
SPX
rose 17.5 points, or 0.4%, to 4,797.
The Dow Jones Industrial Average
DJIA
gained 118 points, or 0.3%, to 37,587.
The Nasdaq Composite
COMP
advanced 76 points, or 0.5%, to 15,134.
On Thursday, the S&P 500 rose 41.73 points, or 0.9%, to end at 4,780.94, and the Dow industrials rose 201.94 points, or 0.5%, to finish at 37,468.61, ending a three-day losing streak. Meanwhile, the Nasdaq Composite surged 200.03 points, or nearly 1.4%, to 15,055.65.
What’s driving markets U.S. stocks saw a modest pop at the open after the S&P 500 finished Thursday’s session within 0.3% of its record closing high of 4,796.56, reached Jan. 3, 2022. Technology stocks are giving the market a boost once again on Friday as that corner of the market continued to outperform. Gains from members of the Magnificent Seven group of megacap technology stocks, along with a handful of others, helped put the tech-heavy Nasdaq-100 index on track for a second straight record close on Friday. The Invesco QQQ Trust Series 1
QQQ,
an ETF that tracks the Nasdaq-100, was trading above $416, according to FactSet data. The index was helped along by gains from chipmakers like Nvidia Corp.
NVDA,
+2.64%
and Broadcom Inc.
AVGO,
+3.25%,
spurred by signs of more strength in the semiconductor space. Better-than-expected results from chip-making giant Taiwan Semiconductor Manufacturing Co.
TSM,
+0.14%
on Thursday helped drive a powerful session for th …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]