Wall Street closed mostly higher on Friday, marking the fourth consecutive week of gains for U.S. stocks. The S&P 500 gained 0.1% on Friday, while the Dow Jones Industrial Average rose 0.3% to close above 40,000 points for the first time ever, having briefly traded above that level a day earlier. Nasdaq Composite fell 0.1.
GameStop experienced significant declines as it predicted a loss of up to $37 million for its latest quarter and announced plans to sell up to 45 million shares of stock to raise cash.
On Friday, the S&P 500 rose by 6.17 points or 0.1%, closing at 5,303.27. The Dow Jones Industrial Average increased by 134.21 points or 0.3%, finishing at 40,003.59. The Nasdaq Composite fell by 12.35 points or 0.1%, closing at 16,685.97. The Russell 2000 index of smaller companies fell by 0.53 points or less than 0.1%, finishing at 2,095.72.
For the week, the S&P 500 rose by 80.59 points or 1.5. The Dow Jones Industrial Average increased by 490.75 points or 1.2. The Nasdaq Composite rose by 345.10 points or 2.1. The Russell 2000 index of smaller companies increased by 35.94 points or 1.7.
Year-to-date, the S&P 500 has risen by 533.44 points or 11.2. The Dow Jones Industrial Average has increased by 2,314.054 points or 6.1. The Nasdaq Composite has risen by 1,674.61 points or 11.2. The Russell 2000 index of smaller companies has risen by 68.64 points or 3.4.
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