Stocks on Wall Street managed to hold onto modest gains on February 23, with the S&P 500 index reaching another record high and securing its sixth winning week out of the last seven. However, weakness in certain technology companies, including Apple, caused a slight dip in the Nasdaq composite. Additionally, travel-related companies experienced a pullback, limiting gains across the market.
The S&P 500 saw a marginal increase of less than 0.1 percent on Friday, while the Nasdaq composite slipped by 0.3 percent. On the other hand, the Dow Jones Industrial Average added 0.2 percent. Notably, Intuitive Machines, the company responsible for the first U.S. lunar landing in over half a century, experienced a sharp rise.
By the end of Friday:
– The S&P 500 rose by 1.77 points, or less than 0.1 percent, totaling 5,088.80.
– The Dow Jones Industrial Average increased by 62.42 points, or 0.2 percent, reaching 39,131.53.
– The Nasdaq composite fell by 44.80 points, or 0.3 percent, closing at 15,996.82.
– The Russell 2000 index of smaller companies rose by 2.85 points, or 0.1 percent, amounting to 2,016.69.
For the week:
The S&P 500 gained an impressive 83.23 points, or 1.7 percent.
The Dow saw an increase of 503.54 points, or 1.3 percent.
The Nasdaq experienced a rise of 221.17 points, or 1.4 percent.
The Russell 2000, however, dropped by 16.06 points, or 0.8 percent.
Looking at the overall performance for the year:
The S&P 500 has risen by 318.97 points, or 6.7 percent.
The Dow has increased by 1,441.99 points, or 3.8 percent.
The Nasdaq has seen a rise of 985.47 points, or 6.6 percent.
The Russell 2000, unfortunately, has decreased by 10.39 points, or 0.5 percent.
While the stock market continues to show resilience and positive trends, it is important to note that the information provided here is solely for general informational purposes. The views and opinions expressed in this article are those of the authors and do not constitute investment, tax, legal, financial planning, estate planning, or any other personal finance advice. It is crucial for individuals to conduct thorough research and consult with professionals in these areas before making any financial decisions.
The Epoch Times holds no liability for the accuracy or timeliness of the information provided. As always, investors should exercise caution and make informed choices based on their individual circumstances and risk tolerance.
