Major US stock indexes climbed on Friday, driven by a surge in technology stocks.
Still, Friday's increase wasn't enough to lift them into positive territory for the week. Both the S&P 500 and Dow Jones industrial average notched their fourth straight weekly decline. Equities have come under pressure in recent week as investors monitor rising COVID-19 cases overseas and in the US. Putting additional pressure on stocks is Congress' likely inability to pass another round of fiscal stimulus before the November election.Stocks climbed on Friday, driven by the same sector that's led markets lower over the past month: technology. Investors bought the dip and pushed major indexes firmly into positive territory after tepid trading in the morning hours.
Still, Friday's gains weren't enough to salvage a positive week. The S&P 500 and Dow Jones industrial average both notched their fourth straight weekly declines as investors continued to focus on rising COVID-19 cases, includingOn top of that, Congress' likely inability to pass additional stimulus measures before the November election has put pressure on equities and economic outlooks.
Why isn't the market talking about $340 billion business cost inrease to 3.500 plus companies
Soars is carrying a LOT of weight here.
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Source: MarketWatch - 🏆 3. / 97 Read more »