Major US indices close higher for the 4th consecutive week
The major US indices are closing higher for the 4th consecutive week today, the gains were led by the NASDAQ index which rose over 2%. All 11 sectors of the S&P index rose.
A look at the final numbers shows:
- Dow industrial average rose 424.3 points or 1.27% to 33761.04
- S&P rose 72.86 points or 1.73% to 4280.14
- NASDAQ index rose 267.27 points or 2.09% to 13047.19
- Russell 2000 rose 41.35 points or 2.09% to 2016.616
Looking at the 11 S&P sectors, the biggest gainers include”
- Consumer discretionary, +2.3%
- InformationTechnogy, +2.07%
- Communication Services, 2.02%
The 3 laggards were:
- Energy +0.81%
- Consumer Staples, +0.92%
- Health Care +1.31%
For the trading week, the gains were led by the S&P which rose 3.25%:
- Dow industrial average rose 2.92%
- S&P index rose 3.25%
- NASDAQ index rose 3.08%.
Since the 2022 bottom:
- Dow industrial average has risen 13.85%
- S&P index rose 17.69%
- NASDAQ index is up 23.49% (a bull market)
Although major indices are up nicely from their bottom, they still remain lower on the year
- Dow is down -7.2% down 60.6%
- S&P is down -10.18%
- NASDAQ index is down -16.6%