Dow Pulls Away to Start Friday - InvestingChannel

Dow Pulls Away to Start Friday

Stocks rose Friday after the S&P 500 ended a three-day negative streak, while investors look to end a volatile week on a high note.

The Dow Jones Industrials fell 140.59 points to conclude Thursday at 42,374.36.

The broader index powered ahead 12.44 points to 5,809.86.

The NASDAQ jumped 138.83 points to 18,415.49.

These moves follow a mixed day on Wall Street. The NASDAQ joined the S&P 500 in finishing the session higher on Thursday, after both indexes were lifted by Tesla’s post-earnings rally. Shares of the electric vehicle manufacturer notched their best day in more than a decade as investors cheered the firm’s stronger-than-expected profit and CEO Elon Musk’s expectations for vehicle growth next year.

Both the S&P 500 and Dow were on track to snap a six-week winning streak. The former is down 0.4% week to date, while the latter has shed 1.7%. The NASDAQ, meanwhile, is on pace for its seventh weekly gain, advancing 0.3%.

Prices for the 10-year Treasury gained, pulling down yields to 4.21% from Wednesday’s 4.24%. Treasury prices and yields move in opposite directions.

Oil prices backtracked 22 cents to $70.55 U.S. a barrel.

Prices for gold jumped $19.10 an ounce to $2.748.50 U.S.

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