Hamilton Herald Masthead

Editorial


Front Page - Friday, October 18, 2024

Wall Street notches more records and logs its latest winning week




NEW YORK (AP) — U.S. stocks rose to more records and closed out their longest weekly winning streak of the year. The S&P 500 rose 0.4% Friday.

The benchmark index squeaked past the all-time high it set early this week and logged is sixth straight winning week. The Dow Jones Industrial Average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%.

Netflix helped drive the market after the streaming giant reported stronger profit for the latest quarter than analysts expected.

Crude oil prices fell some more, and Treasury yields moved lower in the bond market.