Dow Rallies to a Record
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Dow Gains Nearly 500 Points
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Friday wasn’t a great day on Wall Street, but maybe not too surprising, since it’s a retreat from Thursday’s all-time highs. Three major indexes closed at record peaks: the Dow, S&P 500 and the Russell 2000, which tracks small- and mid-sized companies. For the S&P, it was record-high number 37 this year.
Stock futures were mixed Friday, with the Dow Jones Industrial Average ticking higher and the S&P 500 slipping after each set a closing record, while the Nasdaq pointed sharply lower as tech shares continued to decline on AI bubble fears.
The Dow Jones Industrial Average remained on pace to post a weekly gain, despite falling on Friday. The Dow was down 0.4% in afternoon trading, but the blue-chip stock index was still heading for a weekly gain of 1.
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The Dow is is outperforming the S&P 500 by 1.16 percentage points today, on pace for its largest one-day outperformance since January 27. It's not just the S&P 500; the Dow is on pace for its largest outperformance against the tech-heavy Nasdaq since April 3,
The Dow Jones Industrial Average is trading down Friday afternoon with shares of Caterpillar and NVIDIA Corp. facing the biggest declines for the blue-chip average. Shares of Caterpillar and NVIDIA Corp.