S&P 500 jumps to end at nearly 2-month high as U.S. stocks book strong weekly gains

U.S. stock indexes finished modestly higher on Friday with the tech-heavy Nasdaq Composite spearheading gains, as investors digested inflation data and corporates' fourth-quarter earnings reports ahead of next week's Federal Reserve monetary policy meeting. The S&P 500 SPX, +0.25% advanced 10 points, or 0.3%, to end at 4,070, while clinching its highest closing level since Dec.

2, along with a third winning week in the last four. The Dow Jones Industrial Average DJIA, +0.08% finished nearly flat at 33,978, but booked a weekly gain of 1.8%. Nasdaq Composite COMP, +0.95% jumped 1% and rallied 4.4% for the week, on pace to record its best first month of the year in over two decades. It has risen by more than 11% during the first four weeks of 2023, compared with a gain of more than 12% during the same period in 2000, according to Dow Jones Market Data.

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Stock market news today: S&P 500 falls for 2nd day amid earningsUS Stocks end mixed as investors wade through fresh crop of earnings report
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S&P 500 Futures, Treasury bond yields portray market’s anxiety ahead of US GDPRisk profile remains lackluster during early Thursday as market players the key US data to confirm recent dovish bias on the Federal Reserve (Fed). Ad
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