finance
S&P 500, Dow, Nasdaq Close Higher, Extending Record Streak
Major U.S. stock indexes rose on Friday, with the S&P 500 gaining 0.2 percent to reach a new all-time high. Technology stocks led the advance while energy prices eased.
May 29, 5:29 PM·1m read1 source
Los Angeles TimesAudio version
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Wall Street indexes closed higher on Friday, extending a streak of record highs. 06, marking its fourth consecutive all-time high and its seventh straight daily gain. 62. Technology stocks drove the session. 7 percent. 8 percent after reporting earnings above expectations and raising its full-year outlook, citing demand for AI computing.
Most other sectors in the S&P 500 declined.
9 percent lower. In May, technology stocks within the S&P 500 rose more than 15 percent while several other sectors posted losses.
12 per barrel. S. 36. 44 percent. 7 percent for the year. Companies in the index reported 28 percent profit growth for the most recent quarter, according to FactSet. The Federal Reserve held its benchmark interest rate steady and is expected to maintain that stance through the year, according to CME’s FedWatch tool.
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