The S&P 500 Index ($SPX) (SPY) Friday closed up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.66%.
Stocks on Friday settled higher, with the Dow Jones Industrials posting a new all-time high. The broader market garnered support Friday on some positive news from big technology companies. Netflix closed up more than +11% after reporting better-than-expected Q3 streaming paid customers. Also, Apple rose more than +1% after its new iPhone 16 sales in China were reported to be up 20% in their first three weeks compared with last year’s model. Friday’s US housing news was mixed as Sep housing starts were above expectations, but Sep building permits, a proxy for future construction, were below expectations.
