From CNBC: 2024-05-18 14:00:01

The Dow Jones Industrial Average closed above 40,000 for the first time, with a 1.24% gain for the week. S & P 500 and Nasdaq Composite hit all-time highs fueled by mild inflation data. Market entered overbought territory, prompting trimming of positions in Morgan Stanley and Palo Alto Networks, while adding Estee Lauder shares on positive China market signs. Palo Alto Networks surged 6.9%, aided by upbeat Morgan Stanley note and strengthening IBM partnership. Danaher rose 4.9% following positive health-care conference remarks. Broadcom gained 4.7% after performance-enhancing AI announcements. Alphabet shares climbed 4.4% post-Google I/O developers conference. Apple rounded out top 5 with a 3.7% gain, supported by strong quarterly earnings and AI advancements.



Read more at CNBC:: Apple, Alphabet among the Club’s top 5 performers in strong week for stocks