S&P 500 extends winning streak to five sessions
The S&P 500 rose every session this week with a 0.3% gain on Friday. The Nasdaq 100 closed up 0.2%, while the Russell 2000 soared 1.8% to end the week up 4.5%.
It was another day of broad-based gains with only two S&P 500 sector ETFs — utilities and communication services — finishing lower. Google continued to sink as selling pressure persisted following the DOJ’s antitrust push against the search giant.
Consumer discretionary, industrials, and financials led the way. The automakers had a big day, with General Motors, Tesla, and Ford posting strong gains.
Nvidia gave back 3.2% on Friday as traders closed up bets that its earnings report would be the fresh catalyst for another leg higher.
Super Micro Computer was the best performer in the S&P 500, up 11.6% as investors hope the accounting issues that threatened to see the stock delisted from the Nasdaq will have a benign resolution.
