A wave of buying in the last hour of trading left stocks mostly higher on Wall Street, enough for the S&P 500 to beat the record high close it set in early September.
The market had spent most of the day wobbling between gains and losses Thursday.Technology companies did well, despite a steep drop in IBM after the company reported disappointing revenue.IBMs drop left the Dow Jones Industrial Average just barely in the red for the day.The Nasdaq rose.
On Thursday:
The S&P 500 rose 13.59 points, or 0.3%, to 4,549.78.
The Dow Jones Industrial Average fell 6.26 points, or less than 0.1%, to 35,603.08.
The Nasdaq rose 94.02 points, or 0.6%, to 15,215.70.
The Russell 2000 index of smaller companies rose 6.42 points, or 0.3%, to 2,296.18.
For the week:
The S&P 500 is up 78.41 points, or 1.8%.
The Dow is up 308.32 points, or 0.9%.
The Nasdaq is up 318.36 points, or 2.1%.
The Russell 2000 is up 30.53 points, or 1.3%.
For the year:
The S&P 500 is up 793.71 points, or 21.1%.
The Dow is up 4,996.60 points, or 16.3%.
The Nasdaq is up 2,327.42 points, or 18.1%.
The Russell 2000 is up 321.33 points, or 16.3%.
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By admin