Stock market today: Wall Street cruises to more records as it closes its best week in a year
U.S. stocks cruised to more records as they closed their best week in a year
NEW YORK (AP) — U.S. stocks cruised to more records as they closed their best week in a year on Friday.
The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average climbed 259 points, or 0.6%, while the Nasdaq composite added 0.1%.
The relatively quiet trading followed huge gains earlier in the week after Donald Trump won the presidential election and the Federal Reserve cut interest rates again to make things easier for the economy.
Axon Enterprise, which sells Tasers and body cameras used by police officers, helped lead the market. It jumped 28.7% after delivering stronger profit for the latest quarter than analysts expected. It also raised its revenue forecast for the full year to $2.07 billion, which would mean 32% growth.
