FX.co ★ S&P and Nasdaq Break Another Record

On Friday, U.S. stocks showed an upward trend, as both the S&P 500 and Nasdaq climbed by 0.2%, achieving new record highs. The Dow Jones also advanced, gaining nearly 200 points. The rally was broad, with most sectors experiencing gains, although energy stocks lagged behind. Despite experiencing some recent volatility, the equity markets are set to end the week with slight advances. The S&P 500 is anticipated to close 0.3% higher, the Nasdaq up by 1.1%, while the Dow is expected to finish the week down by 0.9%. Investors continue to exercise caution, looking for new market catalysts amid corporate updates and preparing for the upcoming earnings season, all while dealing with the ongoing federal government shutdown and a paucity of recent economic data. Market participants are now focusing on the preliminary release of Michigan consumer sentiment figures scheduled for later today. In terms of specific companies, Tesla, JPMorgan, and Oracle each increased by over 1%. Conversely, Qualcomm saw a 1% decline following news of an antitrust investigation in China, while Intel experienced a 2% rise after announcing its new Panther Lake processors.