US Equity Indexes Rise This Week as Mag-7 Gains Help Offset Chipmakers-Led Decline in Technology
US equity indexes rose this week as gains in communication services and consumer cyclicals helped offset declines in technology, and crude oil extended declines amid continuing progress in Iran peace talks. * The S&P 500 closed at 7,483.24 on Friday versus 7,354.02 a week ago. The Nasdaq Composite stood at about 25,832.67, compared with 25,297.62 a week earlier. The Dow Jones Industrial Average ended at 52,900.07, versus 51,876.11 at the end of last week. * Health care, communication services, and consumer cyclicals led sectors, while energy, utilities, and technology lagged. Within tech, chipmakers retreated, and Micron Technology was among the steepest decliners. * All but one Magnificent-7 firm ended the week higher, with Nvidia (NVDA) being the exception. Of the remaining six, four were in the top 10 of companies with a market capitalization of over $200 billion each. Apple (AAPL) led the Mag-7 pack, with a weekly gain of 12%. * The Doha discussions produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said, according to a.
US equity indexes rose this week as gains in communication services and consumer cyclicals helped offset declines in technology, and crude oil extended declines amid continuing progress in Iran peace talks. 02 a week ago. 62 a week earlier. 11 at the end of last week.
* Health care, communication services, and consumer cyclicals led sectors, while energy, utilities, and technology lagged. Within tech, chipmakers retreated, and Micron Technology was among the steepest decliners. * All but one Magnificent-7 firm ended the week higher, with Nvidia (NVDA) being the exception. Of the remaining six, four were in the top 10 of companies with a market capitalization of over $200 billion each.
Apple (AAPL) led the Mag-7 pack, with a weekly gain of 12%. * The Doha discussions produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said, according to a.