UPDATE – Stock market today: Dow, S&P 500 hit record highs as tech stocks soar

Stocks climbed on Friday, pushing the S&P 500 and Dow Jones Industrial Average to record closing highs.

The S&P 500 (^GSPC) rose 1.2% to close at 4,839. This marked the S&P 500’s first record close since January 2022. The Dow (^DJI) gained just over 1% to settle at 37,863.

On a percentage basis, the tech-heavy Nasdaq Composite (^IXIC) was the day’s biggest winner, rising 1.7% to close at 15,310. The Nasdaq’s record close stands at 16,057, reached in November 2021.

Investor focus this week turned back to Big Tech stocks pushing markets to new heights as the late 2023 rally waned.

 

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