The closing bell on Friday marked another day of little change for U.S. stocks. The Dow Jones Industrial Average managed to eke out a 10th straight daily gain, solidifying its longest winning streak in almost six years. However, the Nasdaq Composite ended the session lower, wrapping up its second weekly decline in three.
Dow Jones Industrial Average (DJIA) Performance
Preliminary figures from FactSet reveal that the Dow Jones Industrial Average gained a mere 3.30 points on Friday, closing at 35,228.48. This week, the blue-chip index recorded a 2.1% increase, marking its most substantial two-week point and percentage gain since October 2022, per Dow Jones Market Data. Furthermore, the 10-day winning streak is the Dow’s longest since August 7, 2017, when it also saw 10 consecutive sessions of gains.
S&P 500 (SPX) and Nasdaq Composite (COMP) Performance
The S&P 500 index experienced a slight uptick of 1.45 points, or less than 0.1%, concluding at 4,536.32, according to preliminary closing figures. It achieved a 0.7% increase throughout the week. On the other hand, the Nasdaq Composite fell by 30.50 points, or 0.2%, wrapping up the week at 14,032.81, and recording a 0.6% decline.
Overall, while the Dow Jones celebrated its remarkable winning streak, other indices faced some setbacks during this trading week.