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The S&P 500 pushed higher on Friday as traders digested this week’s postelection rally and the latest Federal Reserve monetary policy moves.
The Dow Jones Industrials zoomed 229.46 points to 43,958.80.
The S&P 500 index improved 17.13 points to 5,990.23.
The NASDAQ scaled back, though, 18.38 points to 19,251.08
All three of the major averages are on pace for strong weekly gains, thanks in large part to Wednesday’s huge rally in the wake of President-elect Donald Trump’s victor. Entering Thursday, the S&P 500 was up about 4.4% and the Dow was higher by 4.2%. Both indexes are on track for their best week since November 2023. The NASDAQ is the outperforming even those moves, toting a 5.7% advance through Thursday’s close.
Prices for the 10-year Treasury barreled ahead, lowering yields to 4.28% from Thursday’s 4.33%. Treasury prices and yields move in opposite directions.
Oil prices stumbled $2.16 to $70.20 U.S. a barrel.
Prices for gold waned $11.50 an ounce to $2,694.30 U.S.
