US Equity Indexes Mixed This Week as Investors Chase Growth After Washington Strikes Aim to Free Hormuz From Iran's Control
US equity indexes traded mixed this week as growth sectors lifted the Nasdaq Composite and S&P 500 after Washington struck Iran to keep the Strait of Hormuz out of the Islamic Republic's control. The S&P 500 closed at 7,575.39 on Friday, versus 7,483.24 a week ago. The Nasdaq Composite stood at about 26,281.61, compared with 25,832.67 a week earlier. The Dow Jones Industrial Average ended at 52,637.01, versus 52,900.07 at the end of last week. * Technology, consumer cyclicals, and communication services were among the top five sectors. Industrials, materials, and health care led the decliners. * Five Magnificent-7 stocks rose this week, led by Meta Platforms (META). SK Hynix (SKHY, SKHYV) surged following the listing of its American depositary shares on the Nasdaq. * US Central Command struck 170 Iranian military targets over two nights after Tehran attacked three commercial ships transiting the Strait. Iran attacked US military sites in Bahrain, Kuwait, and Qatar. "If Iran tries to close the Strait down, there's going to be a response [from] the American military. That's the deal," US Vice President JD Vance said. * "Iran has come through the negotiations with (arguably) a.
US equity indexes traded mixed this week as growth sectors lifted the Nasdaq Composite and S&P 500 after Washington struck Iran to keep the Strait of Hormuz out of the Islamic Republic's control.
The S&P 500 closed at 7,575.39 on Friday, versus 7,483.24 a week ago.
The Nasdaq Composite stood at about 26,281.61, compared with 25,832.67 a week earlier.
The Dow Jones Industrial Average ended at 52,637.01, versus 52,900.07 at the end of last week. * Technology, consumer cyclicals, and communication services were among the top five sectors.
Industrials, materials, and health care led the decliners. * Five Magnificent-7 stocks rose this week, led by Meta Platforms (META).
SK Hynix (SKHY, SKHYV) surged following the listing of its American depositary shares on the Nasdaq. * US Central Command struck 170 Iranian military targets over two nights after Tehran attacked three commercial ships transiting the Strait.
Iran attacked US military sites in Bahrain, Kuwait, and Qatar. "If Iran tries to close the Strait down, there's going to be a response [from] the American military.
That's the deal," US Vice President JD Vance said. * "Iran has come through the negotiations with (arguably) a.