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The S&P 500 rose to a record high, driven by strong economic data and gains in tech stocks. On Thursday, the S&P 500 closed up 0.4%, marking its 42nd record close of 2024. Micron Technology shares surged, contributing to the gains, while a positive U.S. jobless claims report eased concerns about the labor market. The Dow Jones Industrial Average also closed at a record high, rising 0.3% on a tame inflation report that boosted small-cap stocks and stoked hopes for more Federal Reserve rate cuts. Despite a slight dip in the S&P 500 and a 0.4% fall in the Nasdaq, all three major indexes posted their third consecutive week of gains.
US stocks ended mixed, with the Dow hitting a record high, rising 0.3%. The S&P 500 dipped slightly, and the Nasdaq fell 0.4%. All three major indexes posted their third consecutive week of gains amid hopes for more Fed rate cuts https://t.co/ajkvhkoAsg https://t.co/LkgbWzIpk6
WATCH: US stocks ended mixed, with the Dow hitting a record high, rising 0.3%. The S&P 500 dipped slightly, and the Nasdaq fell 0.4%. All three major indexes posted their third consecutive week of gains amid hopes for more Fed rate cuts https://t.co/Ns30njzQDB https://t.co/O54UIA9Meq
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street's three main indexes to post weekly gains https://t.co/ajkvhko2CI https://t.co/SuFCbXTAwl
