Stocks in the US closed higher on Friday, with the S&P 500 up 0.3% and the Dow gaining 426 points. Meanwhile, the Nasdaq only added 0.1%, weighed down by declines in major tech stocks like Nvidia (-3.2%) and Alphabet (-1.7%). Mega cap stocks faced mixed performance, with Tesla gaining 3.8%, while Meta and Amazon saw modest losses, falling 0.7% and 0.6%, respectively. Investor rotation from technology into economically sensitive sectors like financials, industrials, and consumer discretionary supported broader market gains. Additionally, Wall Street awaits the announcement of Trump's Treasury secretary pick, a decision that could influence market sentiment. Additionally, former Florida Attorney General Pam Bondi has been selected as U.S. attorney general, following Matt Gaetz's withdrawal from consideration. For the week, all three major indices booked gains to end a volatile week, with the S&P 500 and Nasdaq up 1.7% each, while the Dow rose by 2.1%.
The main stock market index in the United States (US500) increased 1200 points or 25.15% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. Historically, the United States Stock Market Index reached an all time high of 6017.48 in November of 2024. United States Stock Market Index - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in the United States (US500) increased 1200 points or 25.15% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. The United States Stock Market Index is expected to trade at 5836.62 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5623.88 in 12 months time.