On Friday, the S&P 500 achieved a new all-time high as investors enthusiastically re-engaged in buying equities, overcoming a brief market stumble at the beginning of the year.
The broad market index saw a notable 1.23% increase, closing at 4,839.81, surpassing both the previous record intraday and closing highs set in January 2022.
Simultaneously, the Dow Jones Industrial Average, having established its own record at the close of the previous year, saw an addition of 395.19 points or 1.05%, concluding the day at 37,863.80.
The Nasdaq Composite also experienced a significant advancement of 1.70%, reaching 15,310.97.
Furthermore, the more tech-focused Nasdaq-100 recorded a gain of 1.95%, achieving a new record high, CNBC reported.
With this surge, all three major averages are now in positive territory for 2024, marking a turnaround for the 30-stock Dow during Friday’s rally.
Written by B.C. Begley
*The following content has been overlayed by an A.I. system for editing and proofreading purposes and should be used for informational purposes only. Any actions taken based on this content are at your own risk. We recommend seeking qualified expertise or conducting further research to validate and supplement the information provided.
B.C. Begley 