On Friday, stocks remained largely unchanged as Wall Street aimed to conclude a successful year on a positive note, potentially reaching a significant milestone.
The S&P 500 maintained a steady trajectory, while the Dow Jones Industrial Average eked out a minimal gain of 8 points. Meanwhile, the Nasdaq Composite made modest progress, advancing by nearly 0.1%.
As the final trading day of 2023 emerged, the S&P 500 stood less than 0.5% away from a fresh all-time high. Surpassing this mark would mark a resounding success for an impressive market rally that gained momentum during the latter part of the year.
In 2023 alone, the S&P 500 has posted a remarkable increase of 24.6%, with the Dow experiencing a solid rise of 13.8%. However, leading the pack is the Nasdaq Composite, boasting a notable gain of 44.2% and on track for its most substantial annual surge since 2003.
Source (CNBC)
