How major US stock indexes fared Friday, 2/9/2024
ABC News
Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000
Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000.
The benchmark index rose 0.6%, marking its 14th winning week in the last 15. The Nasdaq composite rose 1.2%, pulling closer to its all-time high set in late 2021, as Big Tech stocks were some of the market’s strongest. Nvidia, Microsoft and Amazon all posted big gains.
The Dow Jones Industrial Average was a laggard a day after setting its own all-time high, dipping 0.1%. Treasury yields held relatively steady in the bond market, helping to keep things smooth.
On Friday:
The S&P 500 rose 28.70 points, or 0.6%, to 5,026.61.
Japan has recorded a trade surplus of 57.3 billion yen, or $360 million, in February, according to government data, reversing from a deficit a month earlier
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide
The Wisconsin state Senate has passed a $133 million package to combat contamination from forever chemicals
Colombia says it is seeking a license from the U.S. Treasury Department to invest in several electricity and natural gas ventures in Venezuela
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases
Argentina’s wine industry, once a thriving business, is facing its worst crisis in more than 15 years, with record low domestic consumption and a drop in exports
United Arab Emirates lifts brief airspace closure over Iranian attacks
The transfer of federal forest land in Arizona to a pair of international companies that plan to mine one of the largest copper deposits in North America is complete
Self-storage company Public Storage is buying National Storage Affiliates in an all-stock deal worth about $10.5 billion
The outgoing head of the Ms. Foundation says the fight for political equality in the U.S. is far from over
The European Union is weighing options to help keep the Strait of Hormuz open for global shipping
Renewable energy projects in Africa that depend on Middle Eastern sovereign wealth funds and state-backed companies will likely press ahead despite the Iran conflict, analysts say, thanks to the continent's surging appetite for power and fuel
Duke, Arizona, Michigan and Florida lead title odds for March Madness, bettors expect chalky results
Sportsbooks see top seeds Duke, Arizona, Michigan, and Florida as the clear favorites to win the NCAA men’s basketball championship