U.S. stock markets reached new heights, closing out their longest winning streak of the year with a solid performance.
On Friday, the S&P 500 rose by 0.4%, surpassing its previous all-time high established earlier in the week, and marking its sixth consecutive week of gains.
The Dow Jones Industrial Average increased by 0.1%, adding to its record set the day before, while the Nasdaq composite climbed by 0.6%.
One of the driving forces behind this upward trend was Netflix, which posted quarterly earnings that exceeded analysts’ expectations, giving a boost to market sentiment.
In the commodities sector, crude oil prices continued to decline, and the bond market saw Treasury yields decrease.
On Friday’s closing, the S&P 500 registered an increase of 23.20 points, or 0.4%, finishing at 5,864.67.
The Dow Jones Industrial Average rose by 36.86 points, or 0.1%, closing at 43,275.91.
The Nasdaq composite gained 115.94 points, or 0.6%, ending at 18,489.55.
However, the Russell 2000 index, which tracks smaller companies, experienced a slight decline, falling 4.76 points or 0.2% to 2,276.09.
Looking at the weekly performance, the S&P 500 recorded an increase of 49.64 points, or 0.9%.
The Dow witnessed an uptick of 412.05 points, or 1%.
The Nasdaq reported a gain of 146.62 points, or 0.8%.
The Russell 2000 index showed a rise of 41.68 points, or 1.9%.
Year-to-date statistics present a positive picture as well.
The S&P 500 has surged by 1,094.84 points, or 23%.
The Dow has increased by 5,586.37 points, or 14.8%.
The Nasdaq has climbed 3,478.20 points, or 23.2%.
Meanwhile, the Russell 2000 has seen an increase of 249.02 points, or 12.3%.
This overall performance illustrates a strong market recovery and investor confidence as the year progresses.