Peloton’s Tread+ treadmill has been blamed for the death of one child and injuries to dozens more. The company says it won’t recall the machine.The S&P 500 rose 38.48 points to 4,173.42. The Dow Jones industrial average gained 316.01 points, or 0.9%, to 34,137.31. Both the S&P 500 and Dow hit all-time highs Friday. The technology-heavy Nasdaq added 163.95 points, or 1.2%, to 13,950.22.
The Russell 2000 index of smaller company stocks, which has been outpacing the broader market all year, led the way higher, climbing 51.42 points, or 2.3%, to 2,239.63.Much of the market’s focus over the next two weeks will be on individual companies and how well their quarterly results turn out. This week roughly 80 members of the S&P 500 are due to report results, as well as 1 in 3 members of the Dow.
Healthcare stocks helped lead the broader market higher after several companies reported solid financial results. Surgical device maker Intuitive Surgical rose 9.9% after handily beating analysts’ first-quarter forecasts. Medical device maker Edwards Lifesciences rose 6.3% after also reporting strong financial results.slumped 7.4% for the biggest decline in the S&P 500.
Investors are looking to justify the market’s advance this year, despite the lingering pandemic and higher-than-normal unemployment. There are also signs of COVID infections increasing outside the U.S. in major economies such as
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