Published on 29 Apr 2024 on Zacks via Yahoo Finance
Stock Market News for Apr 29, 2024
U.S. stock markets closed sharply higher on Friday, reversing previous day’s stiff losses. Strong earnings results by technology behemoths boosted market participants sentiment. Investors ignored higher inflation data. All three major stock indexes ended in positive territory. For the week as a whole, these indexes also ended in green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) advanced 0.4% to close at 38,239.66 after a choppy session. Notably, 17 components of the 30-stock index ended in positive territory, 12 ended in negative zone, and one remained unchanged. The tech-heavy Nasdaq Composite finished at 15,927.90, climbing more than 2% due to strong performance by U.S. technology bigwigs.