Stocks are closing moderately higher on Wall Street and the S&P 500 was helped to a new high Thursday by large technology companies that benefitted from lower bond yields.
Bank stocks and energy companies fell, which muted the market’s overall gains. The S&P 500 index gained 0.4%. The Dow Jones Industrial Average rose 0.2% and the technology-heavy Nasdaq Composite climbed 1%. Stocks have benefited this week from a cooling off in the bond market. Yields, which had been steadily ticking higher, have retreated from highs hit earlier in the month.
On Thursday:
The S&P 500 rose 17.22 points, or 0.4%, to 4,097.17.
The Dow Jones Industrial Average rose 57.31 points, or 0.2%, to 33,503.57.
The Nasdaq rose 140.47 points, or 1%, to 13,829.31.
The Russell 2000 index of smaller companies rose 19.54 points, or 0.9% to 2,242.60.
For the week:
The S&P 500 is up 77.30 points, or 1.9%.
The Dow is up 350.36 points, or 1.1%.
The Nasdaq is up 349.20 points, or 2.6%.
The Russell 2000 is down 11.31 points, or 0.5%.
For the year:
The S&P 500 is up 341.10 points, or 9.1%.
The Dow is up 2,897.09 points, or 9.5%.
The Nasdaq is up 941.03 points, or 7.3%.
The Russell 2000 is up 267.74 points, or 13.6%.
Before you consider HCSB Financial, 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 HCSB Financial wasn't on the list.
While HCSB Financial 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.
