• Fri. Mar 1st, 2024

Market Mixed Signals: S&P 500 Reaches Record High, While Dow Jones Falls in New York

ByEditor

Feb 10, 2024
S&P 500 reaches all-time high across diverse sectors

The stock market closed on Friday with mixed signals for the main indices. In New York, the broad S&P 500 index finished the trading day above 5,000 points for the first time and was up 0.6 percent for the week, setting a new record high for the tenth time this year. The technology-focused Nasdaq also saw an increase of 1.3 percent, while the industrial index Dow Jones ended 0.1 percent below freezing.

Since October, share values have been steadily increasing due to several factors, including the US central bank, the Fed, delaying raising interest rates and a slowdown in inflation. This positive performance of the stock market can be attributed to these factors and has continued in recent weeks.

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