U.S. equity markets experienced a slight decline after reaching an all-time peak, as they wrapped up a second consecutive week of positive performance.
On Friday, the S&P 500 decreased by 0.3%, following the previous day’s record high. Similarly, the Dow Jones Industrial Average fell 0.3%, while the Nasdaq composite dropped 0.5%. Concerns regarding profit margins at Texas Instruments cast a shadow over the semiconductor sector, leading to broader market declines.
Trading activity was relatively subdued during the day, benefitting from the stability observed in the bond market, a significant determinant of movements on Wall Street in recent times. Treasury yields saw a slight reduction following disappointing economic reports that were released.
The closing figures for Friday were as follows:
The S&P 500 decreased by 17.47 points, marking a 0.3% decline, settling at 6,101.24.
The Dow Jones Industrial Average experienced a drop of 140.82 points, also down 0.3%, ending at 44,424.25.
The Nasdaq composite faced a reduction of 99.38 points, which is a 0.5% decrease, closing at 19,954.30.
Lastly, the Russell 2000 index, which tracks smaller companies, fell by 6.86 points, translating to a 0.3% dip, closing at 2,307.74.
Looking back over the week:
The S&P 500 increased 104.58 points, which is a rise of 1.7%.
The Dow gained 936.42 points, translating to a 2.2% increase.
The Nasdaq saw an uplift of 324.10 points, or a 1.7% rise.
The Russell 2000 index improved by 31.86 points, marking a 1.4% gain.
In terms of year-to-date performance:
The S&P 500 has risen by 219.61 points, reflecting an increase of 3.7%.
The Dow is up 1,880.03 points, representing a 4.4% increase.
The Nasdaq climbed 643.51 points, equating to a 3.3% gain.
The Russell 2000 index has increased by 77.58 points, which is a 3.5% rise.
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