Technology companies helped lift stocks on Wall Street to a record high Friday.
Apple and Intel soared about 2%. The S&P 500 rose 0.8% for its third straight weekly gain. The Dow Jones Industrial Average gained 0.9%, setting its own record high. The Nasdaq composite gained 0.5%. Levi Strauss shares jumped after the jeans maker posted strong first-quarter results.
Stocks have been edging higher most of the week as investors remain cautiously optimistic about economic growth and progress against the pandemic.
The S&P 500 rose 31.63 points, or 0.8%, to 4,128.80.
The Dow Jones Industrial Average rose 297.03 points, or 0.9%, to 33,800.60.
The Nasdaq rose 70.88 points, or 0.5%, to 13,900.19.
The Russell 2000 index of smaller companies rose 0.88 points, or less than 0.1% to 2,243.47.
For the week:
The S&P 500 is up 108.93 points, or 2.7%.
The Dow is up 647.39 points, or 2%.
The Nasdaq is up 420.08 points, or 3.1%.
The Russell 2000 is down 10.43 points, or 0.5%.
For the year:
The S&P 500 is up 372.73 points, or 9.9%.
The Dow is up 3,194.12 points, or 10.4%.
The Nasdaq is up 1,011.90 points, or 7.9%.
The Russell 2000 is up 268.62 points, or 13.6%.
Featured Article: Investing in Dividend Stocks7 Undervalued Stocks That Deserve More Attention
With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?
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But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.
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In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.
And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.
View the "7 Undervalued Stocks That Deserve More Attention"