Wall Street Ends Eighth Straight Winning Week on Positive Economic Reports

Wall Street capped its eighth straight winning week with a quiet finish on Friday, as reports showed a decrease in inflation and signs of economic growth. The S&P 500 rose 0.2 percent, sitting less than 1 percent below its record set nearly two years ago. The Dow Jones Industrial Average slipped slightly, while the Nasdaq composite edged higher by 0.2 percent.

Inflation Slows Down

A report released on Friday revealed that the measure of inflation preferred by the Federal Reserve slowed down more than economists had anticipated. In November, the inflation rate dropped to 2.6 percent from 2.9 percent the previous month.

Market Performance

Here is a summary of Friday’s market performance:

• The S&P 500 rose 7.88 points, or 0.2 percent, to 4,754.63.
• The Dow Jones Industrial Average fell 18.38 points, or less than 0.1 percent, to 37,385.97.
• The Nasdaq composite rose 29.11 points, or 0.2 percent, to 14,992.97.
• The Russell 2000 index of smaller companies rose 17.36 points, or 0.9 percent, to 2,034.21.

Weekly Performance

Here is a summary of the market’s performance for the week:

• The S&P 500 is up 35.44 points, or 0.8 percent.
• The Dow is up 80.81 points, or 0.2 percent.
• The Nasdaq is up 179.05 points, or 1.2 percent.
• The Russell 2000 is up 48.83 points, or 2.5 percent.

Year-to-Date Performance

Here is a summary of the market’s year-to-date performance:

• The S&P 500 is up 915.13 points, or 23.8 percent.
• The Dow is up 4,238.72 points, or 12.8 percent.
• The Nasdaq is up 4,526.49 points, or 43.2 percent.
• The Russell 2000 is up 272.72 points, or 15.5 percent.

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