Advertisment
The NASDAQ Composite soared to an all-time high on Friday, boosted by megacap tech stocks, as investors looked to end a volatile week on a high note.
The Dow Jones Industrials fell 56.28 points to reach noon Friday at 42,318.08
The S&P 500 gained 32.12 points to 5,842.78.
The NASDAQ popped 238.15 points to 18,653..
These moves follow a mixed day on Wall Street. The NASDAQ joined the S&P 500 in finishing the session higher on Thursday, after both indexes were lifted by Tesla’s post-earnings rally. Shares of the electric vehicle manufacturer notched their best day in more than a decade as investors cheered the firm’s stronger-than-expected profit and CEO Elon Musk’s expectations for vehicle growth next year.
Both the S&P 500 and Dow were on track to snap a six-week winning streak. The former is down 0.4% week to date, while the latter has shed 1.7%. The NASDAQ, meanwhile, is on pace for its seventh weekly gain, advancing 0.3%.
Prices for the 10-year Treasury gained, pulling down yields to 4.21% from Wednesday’s 4.24%. Treasury prices and yields move in opposite directions.
Oil prices increased 95 cents to $71.14 U.S. a barrel.
Prices for gold dipped 20 cents an ounce to $2.748.70 U.S.
