US stocks were slightly higher on Friday as investors wrap up a turbulent year that saw a steep decline followed by a sudden, massive rally.
Heading into the final trading day of 2023, the S&P 500 was up 24.6%, the Dow Jones Industrial Average was up 13.8%, and the Nasdaq was up 44.2%, eyeing its best year since 2003.
Those gains came largely in the past few months as Wall Street priced in the prospect of several rate cuts next year from the Federal Reserve.
Despite the optimistic mood and the seasonal Santa Claus rally, the S&P 500 remains stuck just below its January 3, 2022, record close of 4,796.56.
Here’s where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:
Here’s what else happened today:
In commodities, bonds, and crypto:
Read next
Indices
Commodities
Currencies
Stocks
Jump to
Stock Market News Today: Indexes Notch Big Yearly Gains – Markets Insider
Leave a comment