On Friday, the U.S. stock market nudged the?S&P 500?and Dow Jones Industrial Average to yet another round of record closes while the?Nasdaq?Composite underwent its great finish since 2000.?
The S&P 500?(SPX) increased?3.39 points (0.2%) for a close of 1,962.87. This extended its streak to day No. 6 and a third consecutive record close or its 22nd for 2014. For the week, the SPX increased 1.4%-its greatest weekly percentage rise since April 17, reported MarketWatch.
The?Dow (DJIA)?also saw a new high as it increased 25.62 points (0.2%) for a 16,947.08 close. It also has a six-day win streak going. This represented its longest once since last December and record No. 11 for the year.
It also underwent a new intraday high above 16,978, surpassing the June 9 record, and for the week, the index rose a little higher than 1%.?
As for the Nasdaq (COMP), it increased?8.71 points (0.2%), to close at 4,368.04. It hasn’t close this high since April 2000 and the week, it saw a 1.3% weekly increase.
?Mike McCudden, head of derivatives at Interactive Investor, wrote in a note, via MarketWatch, “Well, the trend is your friend and with the Fed reiterating their dovish stance the follow through has propelled global equities to new highs. However, lingering in the background is steadily rising oil prices which will impact growth in time and markets will soon start to price this in.?
As for the VIX, it closed at 10.85, up 2.17%.
So what’s ahead for the markets?
One BBC writer wonders, “Financial markets: Calm before the storm?
Or maybe you have a different thought, “More all-time highs on the way?