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VOL. 48 | NO. 19 | Friday, May 10, 2024
Wall Street coasts to the finish line of another winning week
NEW YORK (AP) — U.S. stocks coasted to the close of another winning week with a quiet, mixed finish.
The S&P 500 rose 0.2% Friday. The Dow Jones Industrial Average gained 0.3%, and the Nasdaq composite edged down by less than 0.1%.
A lengthening parade of strong profit reports from Gen Digital and other companies helped support the market.
Stocks had been on track for bigger gains in the morning but regressed following a discouraging report on U.S. consumer sentiment. The report suggested U.S. households are raising their expectations for inflation. That helped Treasury yields tick higher ahead of next week's highly anticipated updates on inflation.