The stock market saw another successful week with the NASDAQ hitting record highs every day. The Dow Industrial Average, S&P index, and NASDAQ index all closed higher today. The NASDAQ set a new record close for the fourth consecutive day. The S&P index also closed higher for its fourth straight day, with three of those days being record levels.
Here is a snapshot of the closing levels:
– Dow Industrial Average rose 67.87 points or 0.17% to 39,375.86
– S&P index rose 30.19 points or 0.55% to 5,567.20
– NASDAQ index rose 164.46 points or 0.90% to 18,352.76
The small-cap Russell 2000 was the only one to fall, dropping -9.89 points or -0.49% to 2,026.72. For the trading week, the Dow Industrial Average was up 0.66%, the S&P index rose 1.95%, the NASDAQ index increased by 3.5%, and the Russell 2000 fell by -1.02%.
Looking at the trading year, the Dow Industrial Average is up 4.47%, the S&P index has risen by 16.72%, the NASDAQ index increased by 22.26%, and the Russell 2000 remains unchanged.
Several companies hit record highs today, including Alphabet, Meta Platforms, Amazon, Microsoft, Oracle, and Apple. Tesla closed higher for the seventh consecutive day, with shares rising by 27.12% for the trading week. Netflix has managed to erase all its losses for the year and is now up 1.22%. The stock was down -43% earlier in the year.
In comparison to other top companies:
– Nvidia rose 1.85% and is up 154.09% for the year
– Meta Platforms rose 7.08% and has seen a 52.53% increase this year
– Amazon rose 3.49% and has risen by 31.63% this year
– Alphabet rose 4.64% and is up 36.44% this year
– Apple rose 7.46% and has increased by 17.56% this year
– Microsoft rose 4.61% and is up 24.34% this year
Shares of Netflix are nearing their record high close of $691.69 from November 17, 2021. The closing price today was $690.65, up 2.34% for the week. Oracle shares also closed higher, increasing by 2.57% and up 37.37% for the year.
