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S&P 500 slips Friday, but index posts best week since November after fragile Iran ceasefire deal: Live updates
The S&P 500 fell slightly on Friday, but the index managed to post a solid weekly gain as traders kept an eye on the fragile two-week ceasefire between the U.S. and Iran.
The broad market index dropped 0.11% to end at 6,816.89, while the Nasdaq Composite moved higher by 0.35% and closed at 22,902.89, bolstered by gains in key semiconductor stocks such as Nvidia and Broadcom. The Dow Jones Industrial Average declined 269.23 points, or 0.56%, ending at 47,916.57.
Still, the S&P 500 added about 3.6% this week, and the Nasdaq rose about 4.7% in the period. The Dow, meanwhile, gained 3% on the week. The indexes posted their best weekly performances since November.
Stock market today: Dow, S&P 500, Nasdaq futures stall with Strait of Hormuz still blocked ahead of peace talks
Stocks posted their second straight weekly gain amid a fragile ceasefire between the United States and Iran.
The S&P (^GSPC) and the Dow Jones Industrial Average (^DJI) were up more than 3% over the last five days while the Nasdaq Composite (^IXIC) surged more than 4%.
All three indexes traded mostly flat on Friday. The indecisive trading in stocks comes as investors await the results of weekend talks on the tenuous ceasefire in the US-Iran war and follows March inflation data that showed a surge in consumer prices after the start of the war.
The Dow Jones Industrial Average (^DJI) moved back into green figures for the year on Thursday, while the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) remain off just less than 1% for the year.
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