S&P Hovers Near New Record to End Week
June 11,2021 04:35 pm EST
U.S. stocks fluctuated on Friday with the S&P 500 briefly adding to its new record, as Wall Street aimed to wrap up the week on a high note.
The Dow Jones Industrials battled its way into positive territory by day''s end, gaining 14.41 points to 34,480.65.
The broader index progressed 8.29 points to 4,247.47.
The NASDAQ improved 49.09 points to 14,069.42, with Apple, Tesla and Netflix all trading in the green.
For the week, the major benchmarks are mixed. The Dow is off by 1%, but the S&P 500 is up 0.2%, on pace for its third straight positive week. The NASDAQ is the outperformer this week with a 1.5% gain so far, poised to post its fourth winning week in a row.
Some of the meme stocks were rebounding after a rough day on Thursday. AMC shares were up 10% and GameStop gained 4%. Those two suffered double-digit percent losses on Thursday as momentum in the Reddit favorites faded.
Prices for 10-Year Treasurys skidded, raising yields to 1.46% from Thursday''s 1.44%. Treasury prices and yields move in opposite directions.
Oil prices regained 50 cents to $70.79 U.S. a barrel.
Gold prices lost $17.90 to $1,878.50 U.S. an ounce.