Dow Ends Higher as Stocks Report Best Weekly Gain Since November
U.S. Stocks Close Higher on Strong Retail Sales Data
U.S. stocks closed higher Friday, marking the best week recorded since November. The strong retail sales data released Thursday managed to offset concerns about potential weakness in the economy.
Weekly Performance Recap
- Dow Jones Industrial Average: Up 96.70 points, or 0.2%, ending at 40,659.76.
- S&P 500: Gained 11.03 points, or 0.2%, closing at 5,554.25.
- Nasdaq Composite: Increased by 37.22 points, or 0.2%, finishing at 17,631.75.
Best Weekly Gains Since November
The major indices reported impressive weekly gains:
- Dow: Up 2.9%
- S&P 500: Up 3.9%
- Nasdaq: Up 5.3%
Each index logged its biggest weekly advance since November, as highlighted by Dow Jones Market Data. With the rally bringing stocks close to previous record territory, investors are keenly awaiting insights from Federal Reserve Chair Jerome Powell at next week’s economic summit in Jackson Hole, Wyo.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.