At the close, the Dow Jones Industrial Average was up 0.9% at 39,387 – its seventh straight win – on strength in Home Depot (HD, +2.5%) and Caterpillar (CAT, +2.1%). The S&P 500 rose 0.5% to 5,214, and the Nasdaq Composite gained 0.
Stocks finished mixed on Friday, with the Dow marking its eighth straight winning session and the best week of 2024. The Dow Jones Industrial Average gained 125.08 points, or 0.32%, 39,512.84, while the S&P 500 climbed 0.
Stock futures erased most of their early losses on Thursday after the latest weekly jobless claims data showed an unexpected bump in the number of Americans filing for unemployment benefits. Initial jobless claims [rose by 22,
Thursday afternoon's sale of $25 billion of 30-year Treasury bonds as met with fair demand. The auction stopped through by 0.6 of a basis point and non-dealer bidding came in at an above-average 84.6%,
A lack of meaningful U.S. data on Thursday besides weekly initial jobless claims has investors and analysts looking ahead to the next major inflation update. Inflation is likely to remain