New York Stock Exchange's Dow/S&P 500 High...the sixth consecutive week of gains

2024.10.19. AM 06:07
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The Dow and S&P 500 respectively hit all-time highs as the U.S. stock market continued to strengthen on the back of strong corporate earnings.

On the New York Stock Exchange, the Dow closed 0.09% higher and the S&P 500 rose 0.5% higher than the previous close, exceeding the previous record.

The tech-heavy Nasdaq Composite rose 0.63%.

The New York Stock Exchange's three major indexes have been strong for six consecutive weeks, continuing their longest weekly rise this year.

The rise in stock prices is attributed to strong corporate earnings, with Netflix reporting earnings that exceeded market expectations and surging 11% during the day.

Market research firm FactSet found that 75% of the 70 large companies that make up the S&P 500 index outperformed experts' expectations.




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