Published: Sat, July 15, 2017
Business | By Max Garcia

How major USA stock market indexes fared on Friday

How major USA stock market indexes fared on Friday

The week's final session marked the third straight day the Dow closed at record highs and the 25th record-breaking session since the election of President Donald J. Trump.

At 9:34 a.m. ET, the Dow Jones Industrial Average was down 6.2 points, or 0.03 percent, at 21,546.89, the S&P 500 was up 1.35 points, or 0.05 percent, at 2,449.18 and the Nasdaq Composite was up 13.57 points, or 0.22 percent, at 6,288.01.

US stocks were up in late afternoon trading on Friday, with the Dow and S&P 500 both hitting intraday record highs after weak economic data dulled prospects of more interest rate hikes this year.

The Dow also reached an intraday high of 21,681.53, with all but five Dow stocks closing in positive territory.

A decline in financial shares limited the day's gains, even though JPMorgan Chase & Co (JPM.N) and other big banks delivered quarterly results that beat Wall Street expectations.

The financial index was the highest performer among the 11 major S&P sectors, rising 0.48%.

Earlier in the week, Federal Reserve Chair Janet Yellen said future interest rate hikes could be gradual in the face of persistently low inflation.

The Russell 2000 is up 12.98 points, or 0.9 percent.

The Nasdaq is up 159.39 points, or 2.6 percent.

The S&P 500 healthcare index was up 0.23%, showing little reaction to US Senate Majority Leader Mitch McConnell's unveiling of a revised healthcare bill. Target Corp. rose 4.8 percent after an upbeat second-quarter forecast. For the week, the Dow was up 1% while the S&P was up 1.4% and the Nasdaq was up 2.6%.

Bank of America, Goldman Sachs and Morgan Stanley will report results next week. DuPont (NYSE: DD) finished 1.1% higher. That compares with the 6.7 billion daily average for the past 20 trading days, according to Thomson Reuters data.

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