US STOCKS-S&P, Dow eke out another record closing high as Nvidia momentum endures
From Nasdaq.:
The S&P 500 and Dow Jones reached record highs on Friday, with AI stocks leading the rally. Nvidia hit a market cap of $2 trillion after a $277 billion gain. Despite smaller gains on Friday, Nvidia’s performance dominated the market. Big Tech like Apple, Tesla, and Meta fell, while Super Micro Computer dropped 11.8%.
For the week, S&P 500 climbed 1.7%, Dow rose 1.3%, and Nasdaq finished 1.4% higher. Carvana surged 32.1% after reporting first annual profit, while Warner Bros Discovery fell 9.9% due to a bigger quarterly loss. BlockSQ jumped 16.1%. U.S. exchanges saw lower volume compared to the previous 20 trading days.
Read more: US STOCKS-S&P, Dow eke out another record closing high as Nvidia momentum endures