The broad-market index extended its winning run to its longest since November 2021 during the session that saw a small increase in S&P 500 futures on Thursday.
Dow Jones Industrial Average futures and S&P 500 futures both saw gains of 0.1%. The futures for the Nasdaq-100 fell 0.1%.
Disney up 3% following the release of higher-than-expected earnings. Conversely, Lyft experienced a nearly 2% decline as a result of lower-than-expected bookings and the ridesharing platform’s announcement that it will persist in its difficulties.
After a quiet but significant day on Wall Street, the moves come. The S&P 500 ended the day up just 0.1%, but with eight days of gains, it was the longest winning run since 2021. With its longest run of positive sessions in two years, the tech-heavy Nasdaq Composite managed to eke out a ninth winning day with a 0.08% gain. After seven days of gains, the Dow ended the week lower by roughly 0.1%.
However, Robert Haworth, senior investment strategist at U.S. Bank Wealth Management, claims that the market still has narrow leadership despite the S&P 500’s recent winning streak. According to him, technology stocks have also kept up their strong performance as investors evaluate the current state of interest rates.
Source (CNBC)
