Most U.S. stocks drifted higher following a mixed set of reports on the U.S. economy.
The S&P 500 rose 0.4% Thursday, enough to extend its winning streak to a fourth day and to pull within 3.7% of its record. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite fell 0.2%.
Stocks got a lift from easing Treasury yields in the bond market. They dropped after reports suggested the Federal Reserve may have more room to cut interest rates later this year if the U.S. economy weakens under the weight of President Donald Trump’s tariffs. Oil prices also sank.
On Thursday:
The S&P 500 rose 24.35 points, or 0.4%, to 5,916.93.
The Dow Jones Industrial Average rose 271.69 points, or 0.6%, to 42,322.75.
The Nasdaq composite fell 34.49 points, or 0.2%, to 19,112.32.
The Russell 2000 index of smaller companies rose 10.89 points, or 0.5%, to 2,094.69.
For the week:
The S&P 500 is up 257.02 points, or 4.5%.
The Dow is up 1,073.37 points, or 2.6%.
The Nasdaq is up 1,183.40, or 6.6%.
The Russell 2000 is up 71.62 points, or 3.5%.
For the year:
The S&P 500 is up 35.30 points, or 0.6%.
The Dow is down 221.47 points, or 0.5%.
The Nasdaq is down 198.47, or 1%.
The Russell 2000 is down 135.46 points, or 6.1%.
Before you make your next trade, 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.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
