Friday, August 21, 2020

S&P, Nasdaq wrap 4th straight week of gains, home sales surge

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Stocks rallied Friday, capping off a winning week and giving investors a basket of new milestones to celebrate.⁣ ⁣ The S&P 500, which sailed into record territory on Tuesday, rose 0.35% while the Nasdaq Composite gained 0.42%, both registering a fourth straight week of gains. The Dow Jones Industrial Average, meanwhile, on Friday rose 190 points or 0.69% but still posted a modest decline for the week.⁣ ⁣ Tesla drove into record territory in the final trading day for investors to buy shares and be eligible for the upcoming 5-for-1 stock split that will take place at the close of business on Aug. 28. The electric-car maker finished the week with a $382 billion market capitalization, bigger than Walmart.⁣ ⁣ Go to the link in our bio for more on today's market close.

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