Stocks Close Week with Small Gains, But off All-Time Highs

Wall Street stocks end with small gains for the week, but off all-time highs
It was a fairly listless week on Wall Street with individual stocks moving on news specifically related to those companies, but not much movement in the market as a whole. Both the Dow Jones industrial average and the S&P 500 index failed to end the week at new record highs, but both are still within striking distance at less than 0.1% off of their all-time highs. This places them in position to set new records in the week to come with positive market news.

On Friday, the Dow gained 5.71 points (0.03%) to end the week at 16,851.84. That was down 95.24 (0.06%) points from the record close last Friday at 16,947.08.

The S&P 500 closed the day with a modest gain of 3.74 points (0.19%) t


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2 Responses to Stocks Close Week with Small Gains, But off All-Time Highs

  1. dave says:

    I predict we’ll see some new stock market records next week. I also see the S&P 500 breaking 2000 by the end of the year.

  2. steve says:

    actually, on average the market makes a new high every 18 trading days with an average annual return of 9% (not including dividends and dividends reinvesting) for the last 40 years. in 1975 the market traded at 600ish points. today we are at 17,000-ish. given the standard annual of 9% we are on course for the market to be at 500,000 points in 40 years. astonishingly 80 years the market will have moved from 600 points to 500,000 and it so within one average lifespan!

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