The Dow Jones Industrial Average hit an intraday high of 40,257, enough for a record close. The previous record close was on May 17, when the index closed above 40,000 for the first time ever at 40,003.60. However, late-day selling pushed the price below 40,000, before a last-minute rally brought it above the milestone. The index eventually closed at 40,000.91, up 247.13 points, or 0.62%.
The S&P 500 was on track to close at a record high in the final hour of trading, but fell to close below Wednesday’s record high of 5,635.39. Despite hitting a day high of 5,655.56, the index closed at 5,615.34, up 30.79 points, or 0.55 percent.
The Nasdaq had a tough day yesterday, falling 364 points, or 1.95%. It had gained 273 points during the day, recouping some of the previous day’s losses, but pulled back in the final hour of trading. The index closed at 18,398.45, up 115.04 points, or 0.63%, off its record high of 18,647.45 set on Wednesday.
For the trading week:
- Dow Industrial Average, +1.59%
- S&P 500, +0.86%
- Nasdaq, +0.25%
- The Russell 2000 Index rose 1.09% in its best week since October 30, 2023, with a gain of 5.996%.
The leading stocks in the Dow Jones this week were:
- Intel Corporation: 7.71%
- Home Depot: 7.53%
- Amgen: 6.45%
- United Health: 4.87%
- Travelers: 4.83%
- IBM: 3.85%
- Goldman Sachs: 3.43%
Goldman, UnitedHealth and Travelers are scheduled to report earnings next week.
How did the Fantastic Seven do this week?
Only Nvidia and Apple shares rose, with Meta Platforms the worst performer, down -7.62%, while Nvidia shares rose 2.72%.
- Nvidia: 2.72%
- apple: 1.86%
- Tesla: -1.31%
- Amazon.com: -2.75%
- The alphabet letters: -2.89%
- Microsoft: -2.95%
- Meta platforms: -7.62%