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S&P 500 and Dow Extend Records as Weekly Rally Holds, Nasdaq Slips

Mixed services readings nudged yields higher to temper gains.

Overview

  • The S&P 500 edged up less than 0.1% to 6,715.79, marking a fresh high and its seventh winning week in nine.
  • The Dow rose 0.5% to 46,758.28 as the Nasdaq fell 0.3% to 22,780.51 after losing an early gain.
  • For the week, the S&P 500 and Dow each rose about 1.1%, the Nasdaq gained 1.3%, and the Russell 2000 advanced 1.7%.
  • Year to date, the S&P 500 is up 14.2%, the Nasdaq is up 18%, the Dow is up 9.9%, and the Russell 2000 is up 11%.
  • Treasury yields ticked higher following mixed U.S. services data, and crude oil prices rebounded from earlier sharp losses.