In This Article:
All three of the major US stock market indices (^DJI, ^IXIC, ^GSPC) end the week — and the first trading period of March — in the green. The S&P 500 and Nasdaq close at record highs.
Yahoo Finance's Jared Blikre breaks down the market and sector action seen throughout the past week.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JULIE HYMAN: Let's get a check of markets here because it looks like the rally has been continuing here today, the rally that we've been seeing this year. The NASDAQ leading gains as it has been. And closing at a record today.
Up another 1.2%, the S&P 500 also closing at a record up 8/10 of 1%. Remember the NASDAQ finally pushed into up to a record yesterday for the first time going back to November of 2021. Joining the S&P and the Dow.
But the Dow is not back at a record today. It's up about a quarter of 1%. Just over 90 points in today's session. And it looks like just seeing a figure here, the NASDAQ 100 up 2% for the week its best performance going back to January.
MADISON MILLS: That's great. I mean, it's interesting to see these gains continuing here. It looks like the S&P 500 semiconductor equipment index is the best performer on the day not so surprising given that news that we had from Dell earlier.
And when we take a look at the best performing members of the day, NetApp, your call out from earlier, Julie, the best performer today. Looks like Palo Alto still struggling this week off of their earnings. Interesting to see them still not moving back to the upside. I anticipated that.
But we'll get some more analysis here from our very own Jared Blikre. He's here with a closer look at the day's action. Jared, what do you have?
JARED BLIKRE: Thank you, Madi. Indeed, a record setting week. And just looking behind me here, the Dow narrowly missed eking out a win for the week. So it ended the week down.
But we got some streaks available that are ongoing. And the S&P 500 and the NASDAQ, both of those are up 2 weeks. But what's more compelling is they are up 16 of the last 18 weeks.
And here, you can see the NASDAQ up about 1.74% for the week. And the small caps, Russell 2000. They got a 3% gain. So that they are by far and away the winner here.
Now, the sector action today, we had tech in the forefront. You can see XLK up there in the left followed by energy and real estate. But we want to get a handle on the totals for the week.
XLK, that is also the week's winner up 2.6%. Then real estate, then consumer discretionary. Energy, materials, industrials rounding out the top row.