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NASDAQ index closes higher for the 7th consecutive week

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Major US stock indices closed slightly higher for the day and marginally higher for the week.

Nasdaq’s gains this week were good enough for the seventh consecutive week.

The final figures show:

  • The Dow Industrial Average rose 43.17 points, or 0.13%, to 33,876.84.
  • The S&P rose 4.95 points, or 0.12%, to 4,298.87
  • The Nasdaq index rose 20.61 points, or 0.16%, to 13,259.13 points.

Looking at small capital, the Russell 2000 fell 15.07 points, or -0.8%, to 1865.70.

For the trading week:

  • The Dow Industrial Average rose 0.34%.
  • The S&P rose 0.39%. The gain was the fourth highest in a row
  • The Nasdaq rose 0.14%. The gain was the seventh consecutive week. The index is up 12.3% from its lowest level.
  • Russell 2000 gained +1.900% despite declines over the last two trading days of the week

A look at the 3 most important sectors:

  • Technology up 0.46%
  • Consumer discretionary increase of 0.44%
  • Healthcare rose 0.19%.

Today’s laggards are:

  • Material -0.82%
  • Energy -0.58%
  • Utilities -0.57%

For the trading week:

  • Discretionary consumption increased 2.44%
  • Utilities rose 1.92%
  • Energy rose 1.7%.

On the downside this week

  • IT -0.66%
  • consumer goods -0.53%
  • Telecom -0.41%
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