The S&P 500 Index ($SPX) (SPY) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.99%.
US stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 2-1/2 week highs and the Dow Jones Industrials posting a 3-1/2 week high. Stocks opened higher Friday as solid earnings from Apple pushed it up more than +6% and fueled optimism about the earnings power of big technology companies. Stocks added to their gains as bond yields fell after Friday’s weaker-than-expected US reports on Apr nonfarm payrolls and the Apr ISM services index bolstered confidence that the Fed will be able to start cutting interest rates this year.
