The major US indices are closing higher for the 4th consecutive week today, the gains were led by the NASDAQ index which rose over 2%. All 11 sectors of the S&P index rose.
A look at the final numbers shows:
- Dow industrial average rose 424.3 points or 1.27% to 33761.04
- S&P rose 72.86 points or 1.73% to 4280.14
- NASDAQ index rose 267.27 points or 2.09% to 13047.19
- Russell 2000 rose 41.35 points or 2.09% to 2016.616
Looking at the 11 S&P sectors, the biggest gainers include”
- Consumer discretionary, +2.3%
- InformationTechnogy, +2.07%
- Communication Services, 2.02%
The 3 laggards were:
- Energy +0.81%
- Consumer Staples, +0.92%
- Health Care +1.31%
For the trading week, the gains were led by the S&P which rose 3.25%:
- Dow industrial average rose 2.92%
- S&P index rose 3.25%
- NASDAQ index rose 3.08%.
Since the 2022 bottom:
- Dow industrial average has risen 13.85%
- S&P index rose 17.69%
- NASDAQ index is up 23.49% (a bull market)
Although major indices are up nicely from their bottom, they still remain lower on the year
- Dow is down -7.2% down 60.6%
- S&P is down -10.18%
- NASDAQ index is down -16.6%
This article was originally published by Forexlive.com. Read the original article here.