Major US Stock Market Indices End the Week in the Green, S&P 500 and Nasdaq Close at Record Highs

The US stock market indices ended the week on a positive note, with all three major indices – the Dow Jones Industrial Average (^DJI), the Nasdaq (^IXIC), and the S&P 500 (^GSPC) – closing in the green. The S&P 500 and Nasdaq even closed at record highs, showcasing the strength of the market as we entered the first trading period of March.

Yahoo Finance’s Jared Blikre provided a breakdown of the market and sector action seen throughout the past week. The Nasdaq led gains, closing at a record high and up 1.2%, while the S&P 500 also closed at a record high, up 0.8%. The Dow, although not back at a record, still saw gains of about a quarter of 1%.

The NASDAQ 100 had its best performance in weeks, up 2% for the week, marking its strongest performance since January. The S&P 500 semiconductor equipment index was the best performer of the day, with NetApp leading the way as the best performer.

Looking at the sector action, tech led the way, followed by energy and real estate. For the week, the XLK sector was the top performer, up 2.6%, followed by real estate and consumer discretionary. Energy, materials, and industrials rounded out the top performers for the week.

In terms of individual stocks, Bitcoin was the big winner for the week, continuing its strong performance from the previous month. Chip stocks also performed well, with the SOXX index reaching a record high. IPOs and disruptive companies also saw gains, with ARKK and solar stocks bouncing back after recent struggles.

Within the NASDAQ 100, streaks were seen in companies like NVIDIA, which has been up for eight weeks in a row, and Meta, which has been up for three weeks in a row. These companies, along with others in the index, continue to reach record highs, showcasing the overall strength of the market.

Overall, the market showed resilience and strength throughout the week, with record highs being reached and several sectors and individual stocks performing well. Investors will be keeping a close eye on these trends as we move further into the month of March.

For more expert insight and the latest market action, viewers can watch the full episode of Yahoo Finance Live for a deeper dive into the week’s market movements.