Stocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose slightly.
On Friday:
The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84.
The Dow Jones Industrial Average dropped 333.59 points, or 0.8%, to 49,992.21.
The Nasdaq composite fell 298.33 points, or 1.5%, to 19,722.03.
The Russell 2000 index of smaller companies dropped 35.60 points, or 1.6%, to 2,244.59.
For the week:
The S&P 500 is up 39.99 points, or 0.7%.
The Dow is up 151.95 points, or 0.4%.
The Nasdaq is up 149.43 points, or 0.8%
The Russell 2000 is up 2.22 points, or 0.1%.
For the year:
The S&P 500 is up 1,201.01 points, or 25.2%.
The Dow is up 5,302.67, or 14.1%.
The Nasdaq is up 4,710.68 points, or 31.4%.
The Russell 2000 is up 217.52 points, or 10.7%.
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
