Dow, S&P, Nasdaq end day and week higher

  • Dow, S&P, Nasdaq end day and week higher

    The major U.S. stock averages finished higher, gaining for a third day, as the world focused on Queen Elizabeth's death and the first speech by King Charles III, while also digesting a more aggressive stance on future rate hikes by Federal Reserve Chairman Jerome Powell. For the week, the Dow Jones Industrial Average rose nearly 3%, the S&P 500 3.6% and the Nasdaq Composite 4%. 10-year Treasuries rose 0.131 percentage point to 3.321% this week for the longest winning streak since the week ending October 8, 2021. In commodities, oil fell fractionally for the week ending at $86.79 per barrel.

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