The U.S. stock market experienced a positive week, with Alphabet and Microsoft leading the way to its first winning streak in the last four weeks, as well as its biggest weekly gain since November. On April 26, the S&P 500 rose by 1 percent, the Dow Jones Industrial Average added 0.4 percent, and the Nasdaq composite gained 2 percent.
Google’s parent company, Alphabet, had a significant jump in its stock price after surpassing analysts’ expectations for profit and announcing its first dividend. Similarly, Microsoft climbed after also topping forecasts. These strong performances helped offset a slide for Intel, which fell short of analysts’ profit expectations.
The positive performance in the stock market was also reflected in the Treasury yields, which eased after a report on inflation for March came in close to expectations.
On Friday, the S&P 500 rose by 51.54 points or 1 percent, reaching a value of 5,099.96. The Dow Jones Industrial Average increased by 153.86 points or 0.4 percent, closing at 38,239.66. The Nasdaq composite experienced a significant rise of 316.14 points or 2 percent, reaching 15,927.90. Additionally, the Russell 2000 index of smaller companies increased by 20.88 points or 1.1 percent, closing at 2,002.
Looking at the performance for the entire week, the S&P 500 showed a gain of 132.73 points or 2.7 percent. The Dow Jones Industrial Average increased by 253.26 points or 0.7 percent, while the Nasdaq composite surged by 645.89 points or 4.2 percent. The Russell 2000 index also experienced growth, rising by 54.34 points or 2.8 percent.
Considering the year-to-date performance, the S&P 500 has shown significant growth of 330.13 points or 6.9 percent. The Dow Jones Industrial Average is up by 550.12 points or 1.5 percent, while the Nasdaq composite has surged by 916.55 points or 6.1 percent. The only index that experienced a decline is the Russell 2000, which is down by 25.07 points or 1.2 percent.
Overall, the performance of major U.S. stock indexes on April 26 and throughout the week has been positive, with Alphabet and Microsoft leading the way. Investors can expect increased confidence in the market as it continues to rebound from the recent downturn. However, it is important to note that the information provided is for general informational purposes only and should not be considered as investment advice.
