Stock market indices finished the week with mixed results in a somewhat turbulent trading session.
The S&P 500 concluded Friday’s trading virtually unchanged, having reached a series of all-time highs the previous week.
However, it experienced a decline over the course of the week, snapping a three-week streak of gains.
Meanwhile, the Dow Jones Industrial Average dipped by 0.2%, while the Nasdaq composite managed a slight increase of 0.1%.
Broadcom saw a significant boost after the semiconductor firm exceeded profit expectations and provided an optimistic outlook, especially concerning its artificial intelligence endeavors.
RH, previously recognized as Restoration Hardware, also climbed after revising its revenue projections upward.
In the bond market, Treasury yields witnessed an uptick.
On Friday’s close:
– The S&P 500 ticked down by 0.16 points, roughly less than 0.1%, reaching 6,051.09.
– The Dow Jones Industrial Average declined by 86.06 points, or 0.2%, landing at 43,828.06.
– The Nasdaq composite gained 23.88 points, approximately 0.1%, finishing at 19,926.72.
– The Russell 2000 index, representing smaller companies, dropped by 14.19 points, or 0.6%, to settle at 2,346.90.
Looking at the week overall:
– The S&P 500 recorded a decline of 39.18 points, representing a fall of 0.6%.
– The Dow Jones noted a drop of 814.46 points, translating to a decrease of 1.8%.
– The Nasdaq experienced a slight increase of 66.95 points, up 0.3%.
– The Russell 2000 fell by 62.10 points, which is a drop of 2.6%.
As for year-to-date performance:
– The S&P 500 has increased by 1,281.26 points, or 26.9%.
– The Dow Jones is up by 6,138.52 points, equivalent to a 16.3% gain.
– The Nasdaq composite has soared by 4,951.37 points, a notable rise of 32.7%.
– The Russell 2000 has seen an uptick of 319.82 points, or 15.8%.