Dow set for best week since July as stocks push deeper into record territory

www.marketwatch.com ^ | 09/21/2018 | By Ryan Vlastelica

[Red Badger]

U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory. Where are the major benchmarks trading?

The Dow Jones Industrial Average DJIA, +0.18% rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 SPX, +0.24% gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index COMP, +0.12% which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.

The S&P 500 is on track for its ninth rise of the past 10 sessions, while the Dow has risen in eight of the past nine. For the week, the Dow is up 2.2% and on track for its biggest weekly percentage gain since July. The S&P is up 1.2%. Both the Dow and the S&P are on track for their second straight weekly gain, as well as their 10th positive week of the past 12. The Nasdaq is looking at a weekly gain of 0.5%. See Also In Acapulco, 'Hell is Overlapping With Paradise' ×

The Dow’s Thursday record was notable as it was the first for the blue-chip average since January. Both the S&P and the Nasdaq have hit multiple records over the past few months, thanks in large part to the outperformance of technology and internet stocks. While Apple fueled the Dow’s advance to all-time highs on Thursday, this is a sector the average has less exposure to, a factor that has limited its gains until recently, when industrial stocks have started to lead the market.

Read: Not just tech: The stock-market rally is broader than it’s given credit for What’s driving the market?

[Parley Baer]

President Trump, you magnificent bastard.

[billorites]

No!

[grimalkin]

I’m still not sick of winning.

[fwdude]

Still don’t know what that “thing” is.