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Wall Street extended its recent rally into another week, with the S&P 500 and Nasdaq reaching fresh record highs as investor focus shifted away from tensions in the Middle East and toward corporate earnings and economic fundamentals.
Market participants appeared encouraged by continued consumer spending despite elevated oil prices, as well as strong earnings reports from major companies, including UnitedHealth, Boeing, and Intel, which exceeded expectations.
Trading throughout the week remained uneven, with sentiment swinging between optimism and caution amid a steady flow of geopolitical developments and corporate news.
For the week, the Dow Jones Industrial Average declined by 0.44 percent to close at 49,230, below its April 21 peak. The S&P 500 rose by 0.55 percent to 7,165, hovering near record territory. The Nasdaq Composite led gains for a third straight week, advancing by 1.5 percent to an all-time high, while the Russell 2000 edged up by 0.36 percent….
Market participants appeared encouraged by continued consumer spending despite elevated oil prices, as well as strong earnings reports from major companies, including UnitedHealth, Boeing, and Intel, which exceeded expectations.
Trading throughout the week remained uneven, with sentiment swinging between optimism and caution amid a steady flow of geopolitical developments and corporate news.
For the week, the Dow Jones Industrial Average declined by 0.44 percent to close at 49,230, below its April 21 peak. The S&P 500 rose by 0.55 percent to 7,165, hovering near record territory. The Nasdaq Composite led gains for a third straight week, advancing by 1.5 percent to an all-time high, while the Russell 2000 edged up by 0.36 percent….
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