Market Snapshot: Dow Sets New Record for Second Straight Day
The Dow Jones Industrial Average gained 41 points to close at 12,556, a new record., closing the week 1.3% up. Exxon Mobil (XOM) was the Dow’s biggest gainer, posting a 2.4% gain, despite the week’s 6% decline in oil prices.
Despite a nearly 10% loss by chip producer AMD, the Nasdaq closed at 2,502, a six-year high, and the S&P 500 logged a five-year high, closing at 1,430.
The bull market that has been in effect for the past couple years has not seen such consistent gains across the indices, and many are talking as if the real surge is yet to come.
