S&P 500 Pushes Above 5000 Mark on Economic Strength
Wall Street Journal
Technology stocks drove the S&P 500 past another milestone and to a fresh record on Friday, with the broad index closing above 5000 points for the first time. The rally reflects unexpected strength in the economy that has investors believing that as long as the expansion continues, they can ride riskier assets to gains even if interest rates remain high. The tech-heavy Nasdaq Composite Index added 1.2% on Friday, bringing its rise to 6.5% so far this year. The Dow Jones Industrial Average shed 0.1%, or about 55 points, Friday yet remains up 2.6% year-to-date. The S&P 500 ended the week 1.4% higher at about 5027 following a climb of 0.6% Friday. The index has risen 5.4% in 2024.
https://www.wsj.com/articles/s-p-500-pushes-above-5000-mark-on-economic-strength-3b8115df