Dow leads weekly gains at +2.1%, S&P 500 and Nasdaq follow. Tesla shines while tech struggles.
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U.S. stocks closed higher Friday, with the S&P 500 up 0.3%, the Dow rising 426 points, and the Nasdaq edging up 0.1%, weighed by tech declines in Nvidia (-3.2%) and Alphabet (-1.7%). Tesla gained 3.8%, while Meta and Amazon fell slightly. Investor rotation into financials and industrials supported broader gains. Pam Bondi was named U.S. attorney general. For the week, the S&P 500 and Nasdaq gained 1.62% and 1.53%, with the Dow up 2.1%.
This week, the S&P 500 sectors saw widespread gains, with Consumer Staples leading at +3.1%, closely followed by Materials at +3%, and Utilities and Real Estate both advancing +2.6%. Energy also had a strong showing, up +2.3%, while Industrials rose +2.5%. Financials gained +1.7%, alongside Consumer Discretionary, Information Technology, and Healthcare, which all posted a +1.6% increase. The only sector to decline was Telecom, slipping -0.3%. Overall, the market reflected broad-based strength across most sectors, indicating a positive momentum for equities.
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