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Dow books fresh record high as U.S. stocks extend weekly winning streak

October 22, 2024

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All three major U.S. stock indexes closed higher Friday, each clinching a sixth straight week of gains.

All three major U.S. stock indexes finished higher on Friday, marking a significant milestone as each secured a sixth consecutive week of gains. This positive momentum reflects growing investor confidence and resilience in the face of ongoing economic challenges.


The Dow Jones Industrial Average increased by 36.86 points, or 0.1%, closing at 43,275.91. This marked the Dow's 40th record close of 2024, highlighting the index's remarkable performance this year.


The S&P 500 also enjoyed a strong day, rising 23.20 points, or 0.4%, to end at 5,864.67. This represents the S&P's 47th all-time high, underscoring the index's robust trajectory and its ability to attract investment amid fluctuating market conditions.


Meanwhile, the Nasdaq Composite climbed 115.94 points, or 0.6%, wrapping up the day at 18,489.55. The technology-heavy index continues to show resilience, driven by strong performances in the tech sector, which remains a key driver of market growth.


Looking at the week as a whole, the Dow posted a gain of 1%, while the S&P 500 saw an increase of 0.9%. The Nasdaq advanced by 0.8%, contributing to a solid overall performance across the major indexes. Notably, both the Dow and the S&P 500 achieved their longest weekly winning streaks of 2024, signaling a sustained bullish sentiment among investors.


The consistent upward movement in these indexes reflects a combination of factors, including positive corporate earnings reports, a relatively stable economic outlook, and investor optimism regarding future growth. As we move forward, market participants will be keenly watching for any economic indicators or geopolitical developments that could impact this trend.



Overall, Friday’s gains reinforce the prevailing positive sentiment in the markets, setting the stage for continued growth as we head into the next week. Investors will be eager to see whether this momentum can be sustained in the face of potential challenges on the horizon.

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