Wall Street closes higher with major indexes up and small-cap index outperforming

From Investing.com: 2024-11-22 19:45:40

Wall Street closed higher on Friday, with all major indexes up for the week. Small-cap index outperformed, rising 1.8% and hitting a 31-month high. Alphabet fell 1.7% amid antitrust concerns, while Nvidia slipped 3.2% after their quarterly forecast. Value stocks rose 0.78% as investors shifted focus. Industrial stocks led gains, up 1.36%. S&P 500 gained 1.68% for the week, Nasdaq up 1.73%, Dow climbed 1.96%.

Gap Inc jumped 12.8% after raising sales forecast, while Intuit fell 5.7% on lowered projections. Geopolitical tensions and Fed policy decisions affecting market sentiment. Market remained steady despite uncertainties. Volume on U.S. exchanges was 13.49 billion shares. Federal Reserve expected to cut borrowing costs by 25 basis points. Investors cautious about Trump’s Treasury Secretary pick.



Read more at Investing.com: Wall Street closes higher after business activity data By Reuters