Nasdaq closes at record high for fifth consecutive week, Dow slightly up

From NASDAQ MarketSite: 2024-05-24 16:26:39

Wall Street ended the day higher, with the Dow slightly up to break a five-week win streak. The Nasdaq hit a record close for the fifth straight week, boosted by Nvidia. The S&P 500 also saw a marginal weekly gain. The VIX ended a four-week losing streak.

In other news:
– Google’s “AI Overview” criticized for errors.
– Treasury yields unaffected by durable goods data.
– Analysis of Wall Street’s volatility.
– Stock impact of Boeing’s cash flow issues.
– Retail stock reacts positively after earnings beat.

Oil futures rose after four days of losses, with WTI crude gaining 1.1% for the session but losing 2.3% for the week. Gold prices continued to decline, with a 0.1% drop for the session and a 3% loss for the week.



Read more at NASDAQ MarketSite: Nasdaq Scores Record Close, Fifth-Straight Weekly Win