Home Money & Business Performance of Key US Stock Indexes on Friday, August 16, 2024

Performance of Key US Stock Indexes on Friday, August 16, 2024

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U.S. stocks rose towards the end of the week, marking the most substantial increase since November. The S&P 500 climbed 0.2% on Friday, extending its winning streak to seven consecutive days. The Dow Jones Industrial Average and the Nasdaq composite also saw gains of 0.2% each. Treasury yields slightly decreased following mixed reports on the U.S. economy, with the 10-year Treasury yield dropping to 3.88%.

Investors are now looking ahead to Jackson Hole, Wyoming next week, where Federal Reserve Chair Jerome Powell is scheduled to deliver a speech. The location has historically been significant for major policy announcements.

Closing figures for Friday show the S&P 500 increasing by 11.03 points to 5,554.25, the Dow Jones Industrial Average rising by 96.70 points to 40,659.76, the Nasdaq composite going up by 37.22 points to 17,631.72, and the Russell 2000 index of smaller companies advancing by 6.45 points to 2,141.92.

Weekly performance numbers indicate a positive trend: the S&P 500 is up 210.09 points (3.9%), the Dow rose 1,162.22 points (2.9%), the Nasdaq climbed 886.42 points (5.3%), and the Russell 2000 increased by 61.01 points (2.9%).

Year-to-date: the S&P 500 has surged by 784.42 points (16.4%), the Dow has seen a rise of 2,970.22 points (7.9%), the Nasdaq has gone up by 2,620.37 points (17.5%), and the Russell 2000 is up by 114.85 points (5.7%).