The stock market finished in uncharted territory on Friday as the S&P 500 closed above 5,000 points for the first time in its history. The large-cap benchmark closed on Friday at 5,027, up by about 29 points on the day, as it had finished on Thursday at 4,998. The index actually touched 5,000 on Thursday during intraday trading, but it did not close above 5,000 until Friday.
The S&P 500 finished last week up 1.4%, marking its fifth straight winning week and 14th positive week out of 15 weeks in 2024. Year to date, the index is up 5.4% through Feb. 9.
However, last week was indeed a big week for the U.S. markets in general, even beyond the S&P 500.
This post appeared on Dynamic Wealth Report.