S&P 500 Extends Winning Streak as Small Caps and Dow Jones Outperform
U.S. stock markets post broad gains with small-cap Russell 2000 surging 4.5% for the week, while Nvidia and Google face setbacks.
- The S&P 500 rose for the fifth consecutive session, closing the week up 1.5%, while the Russell 2000 small-cap index soared 4.5%.
- The Dow Jones Industrial Average hit a record high, adding 422 points on Friday to close at 44,296, marking a weekly gain of over 1.5%.
- Tech giant Nvidia dropped 3.2% on Friday as investors reacted to its earnings forecast, which some analysts deemed conservative.
- Google-parent Alphabet continued to struggle, losing 1.7% Friday, following news of a potential DOJ push to curb its market dominance.
- Amazon increased its investment in AI company Anthropic to $8 billion, furthering its cloud and generative AI initiatives.