The broader US stock indices closed sharply higher on the day, but were still down for the fourth consecutive week.
- S&P index rose 117.42 points or 2.13% at 5638.94
- NASDAQ index rose 451.07 points or 2.61% at 17754.09
Each of those indices have closed lower for 4-consecutive weeks
- The S&P index fell by -2.27% this week. The prior three weeks have seen declines of -1.66%, -0.90% and -3.10%.
- The NASDAQ index fell by -2.43% this week. The prior three weeks of seen declines of -2.1% -3.47%, and -2.43%.
For the Dow industrial average, it rose 634.62 points or 1.65% at 41488.79. For the trading week, the index fell -3.07%. The Russell 2000 rose by 2.53% today but fell by -1.512% for the week.
Each of the Magnificent 7 rose today, but were mixed for the week
- Nvidia rose 5.27% today and was higher by 7.97% for the week
- Meta rose by 2.87% today, but was lower by -2.89% for the week
- Microsoft rose by 2.58% today, but was lower by 1-21% for the week.
- Amazon rose by 2.09% today, but was lower by -0.65% for the week.
- Apple rose by 1.82% today, but fell sharply by -10.7% for the week
- Tesla rose by 3.86% today, but fell by -4.83% for the week.
- Alphabet rose by 1.68% today, but fell by -4.81% for the week
For the year to date:
- Dow industrial average is down -2.48%
- S&P index is down -4.13%
- NASDAQ index is down -8.06%.
- Russell 2000 is down -8.34%
