All three major indexes bagged their second monthly wins
Tech strength and falling oil prices pushed stocks higher Friday, with all three major indexes capping off a strong month with more record closing highs. The Nasdaq extended its winning streak to seven sessions, while the Dow added 363 points for a third-straight gain, both notching their second-straight weekly wins. The S&P 500 also marked its seventh-straight win and a ninth consecutive weekly advance, it's longest such streak since late 2023. Investors now await President Trump’s decision on a proposed ceasefire extension as tensions in the Middle East remain elevated.
Continue reading for more on today's market, including:
5 Things to Know Today
- Canada's economy unexpectedly contracted for a second straight quarter, raising recession concerns amid tariff uncertainty. (Reuters)
- Louisiana approves new congressional map that eliminates a key voting district ahead of midterms. (The New York Times)
- American Eagle stock falling after a mixed report.
- Dell's triple play is fueling the tech sector today.
- Highly anticipated earnings on the docket for next week.
Oil, Gold Mark Monthly Declines
Oil prices moved lower Friday after President Donald Trump said he would make a final decision on a potential Iran agreement soon. June-dated West Texas Intermediate (WTI) dropped 1.7% to $87.36 a barrel for a 17% monthly decline.
Gold moved higher Friday on reports that the U.S. and Iran could extend their ceasefire. June-dated gold futures added 0.4% to $4,550.00 per ounce for the day, but fell 1.2% for the month.