Reported 7 months ago
The Nasdaq achieved a 5th consecutive record high close driven by gains in technology-related shares, including Adobe. The S&P 500 ended slightly lower after a four-day streak of record highs but still rose over 1% for the week, with the technology sector hitting another all-time high close. While small-caps and the S&P 500 industrials sector experienced losses, the Dow Jones Industrial Average fell 0.15%, the S&P 500 dropped 0.04%, and the Nasdaq Composite added 0.12%. Investors monitor the Federal Reserve's stance on interest rates, with Fed Bank of Chicago President Austan Goolsbee noting a need for sustained cooling of inflation before considering rate cuts.
Source: YAHOO