Friday, May 17, 2024
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Stocks Have Not Changed Much. Friday

Stocks were flat on Friday as Wall Street finished a big week with the Federal Reserve pausing its rate rises, as investors had hoped, and positive inflation statistics.

The Dow Jones Industrial Average increased 32 points, or 0.1%, while the S&P 500 rose 0.08%. Nasdaq Composite prices decreased by 0.1%.

The following are the week’s significant market milestones:

The S&P 500 has performed best since March, up 3% during the past week.
The S&P 500 is experiencing its first five-week winning streak since November 2021.
From its low during the bear market, the benchmark is already up more than 26%.
The Nasdaq Composite had its best week since March, rising 4% for the week.

Source (CNBC)

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