The S&P 500 and the NASDAQ hit all-time highs Friday following a quarterly report showing U.S. economic growth slowed less than expected. Strong earnings from tech giants like Alphabet and Intel also boosted the S&P. For the week, the Dow rose 0.14 percent to close at 27,192.45. The S&P climbed 1.66 percent to finish at 3,025.86, and the NASDAQ gained 2.26 percent to end the week at 8,330.21.
After breaking records earlier in the week, stocks dropped Friday and posted weekly losses. Contributing factors included growing tension in the Middle East, mixed corporate earnings reports, unsettled trade talks between China and the U.S. and concern over the Federal Reserve’s next move. For the week, the Dow fell 0.61 percent to close at 27,154.20. The S&P lost 1.21 percent to finish at 2,976.61, and the NASDAQ dropped 1.18 percent to end the week at 8,146.49.
The three major indexes rose to record closing highs on Friday after Fed Chairman Jerome Powell said the central bank was ready to “act as appropriate” regarding a potential rate cut. On Thursday, the Dow closed above 27,000 for the first time. The S&P notched its first close above 3,000 on Friday. For the week, the Dow rose 1.54 percent to close at 27,332.03. The S&P climbed 0.82 percent to finish at 3,013.77, and the NASDAQ gained 1.01 percent to end the week at 8,244.14.
The three major indexes dropped Friday after June’s surprisingly good jobs report diminished hopes of a rate cut in the near future. The Labor Department’s report showed nonfarm payrolls rose by 224,000 jobs – the biggest increase in five months. For the week, the Dow rose 1.27 percent to close at 26,922.12. The S&P gained 1.69 percent to finish at 2,990.41, and the NASDAQ climbed 1.94 percent to end the week at 8,161.79.
Stocks rose Friday, led by banks and anticipation of trade talks between President Trump and Chinese President XI Jinping at the G-20 summit in Japan. The three major indexes posted gains for the month, quarter and first half of the year. The Dow enjoyed its best June since 1938; the S&P saw its biggest percentage increase in June since 1955. For the week, the Dow fell 0.45 percent to close at 26,599.96. The S&P lost 0.27 percent to finish at 2,941.76, and the NASDAQ dropped 0.32 percent to end the week at 8,006.24.