LIVE MARKETS-Friday's a dud, but U.S. stocks still pop the cork on 9-weeks of gains

Dow Jones Industrial Average +0.17%
S&P 500 index -0.21%
NASDAQ -0.12%
VanEck Vectors Indonesia Index ETF -1.33% Post

VanEck Vectors Indonesia Index ETF

IDX

15.74

15.74

-1.33%

0.00% Post

Dow Jones Industrial Average

DJI

37798.97

+0.17%

S&P 500 index

SPX

5051.41

-0.21%

NASDAQ

IXIC

15865.25

-0.12%

Main indexes end down Fri, but still post 9-week win streaks

Real Estate weakest S&P 500 sector; staples lead gainers

Dollar edges up; gold slips; crude, bitcoin dip

U.S. 10-Year Treasury yield edges up to ~3.87%

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FRIDAY'S A DUD, BUT U.S. STOCKS STILL POP THE CORK ON 9-WEEKS OF GAINS

U.S. stocks softened on Friday, the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead.

Nevertheless, the three main indexes still managed to all end up for a ninth-straight week.

That's the S&P 500 .SPX longest run of weekly gains since another nine-week winning streak that ended in early-2004. It's the DJI's .DJI longest stretch of weekly gains since another nine-week period that ended in late-February 2019, and it is the Nasdaq's .IXIC longest weekly win streak since it gained 10 weeks in a row into early-March 2019.

For the year, the DJI rose 13.7%, the SPX gained 24.23% and the IXIC advanced 43.42%.

Here is Friday's closing snapshot:



(Terence Gabriel)

*****


FOR FRIDAY'S OTHER LIVE MARKETS POSTS:


INDIVIDUAL INVESTOR BULLS STEP BACK, BEARS ADVANCE - AAII - CLICK HERE


KILL THE LIGHTS WHEN YOU LEAVE: CHICAGO PMI HAS LAST WORD ON 2023 DATA - CLICK HERE


AHEAD OF NEW YEAR'S EVE, U.S. STOCKS LOOK DRESSED TO THE NINES - CLICK HERE


NASDAQ COMPOSITE: CREATURES ARE STIRRING, INCLUDING THE MICE - CLICK HERE


SWISS FRANC TOP OF THE HILL IN 2023, CAN CLIMB HIGHER - CLICK HERE


GS FORECASTS CHINESE RATE CUT IN Q1 - CLICK HERE


STOXX HAS YEAR END FLIRTATION WITH NEW 23-MONTH HIGH - CLICK HERE














(Terence Gabriel is a Reuters market analyst. The views expressed are his own)

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