Broader indices plow forward. Record close for S&P and first close above 5000. | Forexlive

The broader US stock indices continued to plow forward with the S&P closing above 5K for the first time ever. The Nasdaq traded above 16K for the first time since November 2021 and is now within 67 points of a new all time high close.

The Dow did fall today but as Chevron, Disney and Caterpillar move lower.

The final numbers are showing:

• Dow industrial average fell -54.66 points or -0.14% at 38671.70
• S&P index rose 28.70 points or 0.57% at 5026.62
• NASDAQ index rose 196.94 points or 1.25% at 15990.65. It’s intraday high reached up to 16007.29. The all-time high closing level was at 16057.44.

The small-cap Russell 2000 rose 30.29 points or 1.53% to 2009.99.

For the trading week, each of the major indices rose for the fifth consecutive week:

• Dow Industrial Average eeked out a 0.04% gain for the week
• S&P index rose 1.37%
• NASDAQ index rose 2.31%

The small-cap Russell 2000 rose 2.4079%.

For 2024:

• Dow Industrial Average 2.61%
• S&P index is up 5.38%
• NASDAQ index is up 6.52%

The Russell 2000 is down -0.842%.

Happy days are here again….

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• Source: https://www.forexlive.com/news/broader-indices-plow-forward-record-close-for-sp-and-first-close-above-5000-20240209/