JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,776
- 2,220
I am STILL NOT TIRED OF WINNING, Mr President!
S&P, Nasdaq wrap 4th straight week of gains
Strong housing and manufacturing and services data lifted stocks.
www.foxbusiness.com
Stocks clawed higher Friday as existing home sales spiked by the most on record and the 2020 election cycle kicked into high gear with former Vice President Joe Biden accepting the Democratic nomination to run against President Trump.
The Dow Jones Industrial Average climbed 81 points, or 0.29% while the S&P 500 and the Nasdaq Composite were up by 0.1% and 0.27%, respectively.
In economic data, existing home sales surged 24.7% month-over-month in July to a seasonally adjusted annualized rate of 5.86 million, outpacing the 5.38 million that analysts surveyed by Refinitiv were expecting. Manufacturing and services numbers also topped forecasts. ...