Stocks are closing higher Friday, reversing their week-long rut.
Technology stocks and banks led much of the gains, but the S&P 500 still ended with its first weekly loss in the last five. Investors focused on company earnings from big names like Intel, American Express and Honeywell. Shares in Kimberly-Clark, the maker of Huggies diapers and other consumer products, fell by the most since last October after it reported disappointing results.
Bond yields were flat. Investors weighed economic growth against threats from the pandemic and worries about changes in tax policy.
On Friday:
The S&P 500 rose 45.19 points, or 1.1%, to 4,180.17.
The Dow Jones Industrial Average rose 227.59 points, or 0.7%, to 34,043.49.
The Nasdaq rose 198.40 points, or 1.4%, to 14,016.81.
The Russell 2000 index of smaller companies rose 39.24 points, or 1.8% to 2,271.86.
For the week
The S&P 500 is down 5.30 points, or 0.1%.
The Dow is down 157.18 points, or 0.5%.
The Nasdaq is down 35.53 points, or 0.3%.
The Russell 2000 is rose 9.19 points, or 0.4%.
For the year:
The S&P 500 is up 424.10 points, or 11.3%.
The Dow is up 3,437.01 points, or 11.2%.
The Nasdaq is up 1,128.53 points, or 8.8%.
The Russell 2000 is up 297 points, or 15%.
Before you consider American Express, 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 American Express wasn't on the list.
While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
