US Stocks Mark 7th Week Of Gains, Nasdaq Moves Closer To All-Time Highs: What’s Driving Markets Friday?
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Benzinga
Benzinga
U.S. stocks are poised to close their seventh consecutive week of gains, marking their longest winning streak since October 2017. In Friday’s session, the S&P 500 index hovered around the flatline at 1 p.m. in New York, while the Nasdaq 100 rose by 0.4%, getting closer to retesting their all-time highs. The Dow Jones continues to set new highs, reaching 37,275, but it entered a technically overbought condition not seen since January 2018. Small-cap stocks declined by 0.9%, but they are in their fifth consecutive winning week, marking their best streak since December 2020. The dollar, as tracke…