Stock market today: Stocks drift on the final trading day of a surprisingly good year on Wall Street
ABC News
Stocks are drifting on the final trading day of a year of surprisingly robust gains for Wall Street
NEW YORK -- Stocks are drifting on the final trading day of a year of surprisingly robust gains for Wall Street. The benchmark S&P 500 index is sitting just below the all-time high Friday and is up 24.6% for the year. The Dow Jones Industrial Average hit another record Thursday and is up more than 13% in 2023. The Nasdaq is up 44% for the year, driven by gains in big technology companies, including Nvidia, Amazon and Microsoft. Treasury yields edged higher and crude oil prices rose.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
U.S. stock futures are little changed Friday as the market puts the wraps on a year of surprisingly robust gains.
The benchmark S&P 500 index is just 0.3% from an all-time high after a gain of 24.6% in 2023. The Dow Jones Industrial Average sits at a record 37,710.10. The Nasdaq shows a year-to-date gain of 44.2%, driven by gains in big technology companies.
The so-called Magnificent 7 companies — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla — accounted for about two-thirds of the gains in the S&P 500 this year, according to S&P Dow Jones Indices. Nvidia leads the group with a gain of about 240%.
