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US open: Dow Jones on track for fifth-straight winning week

(Sharecast News) - Wall Street stocks were little changed early on Friday after the blue-chip Dow Jones briefly crossed the psychologically important 40,000-point mark for the first time in its history a day earlier. As of 1600 BST, the Dow Jones Industrial Average was up 0.07% at 39,897.55, while the S&P 500 advanced 0.01% to 5,297.39 and the Nasdaq Composite was 0.02% lower at 16,694.43.

The Dow opened 28.17 points higher on Friday, narrowly extending gains recorded in the previous session.

Following this week's gains, major indices were now into positive territory for Q2 despite a rough start, with both the S&P 500 and Nasdaq Composite up double-digits for the year.

The Dow Jones was also on track for a fifth consecutive positive week after hitting a fresh intraday high of 40,051.05 in the previous session, while the S&P 500 and Nasdaq Composite were staring down the barrel of 1.5% and 2.3 weekly gain, respectively.

In the corporate space, GameStop shares slumped as it announced its intention to sell 45.0m common shares and posted preliminary results that included a Q1 sales drop, while social media outfit Reddit rallied after revealing it had struck a deal with ChatGPT maker OpenAI.

No major data points were slated for release on Friday.

Reporting by Iain Gilbert at

Dow Jones - Risers

Caterpillar Inc. (CAT) $354.48 1.07% JP Morgan Chase & Co. (JPM) $204.04 0.78% Salesforce.Com Inc. (CRM) $286.56 0.66% American Express Co. (AXP) $242.71 0.58% Walmart Inc. (WMT) $64.37 0.56% Goldman Sachs Group Inc. (GS) $466.85 0.50% Chevron Corp. (CVX) $161.77 0.42% Nike Inc. (NKE) $92.15 0.42% Unitedhealth Group Inc. (UNH) $522.85 0.30% Dow Chemical Co. (DOW) $58.87 0.28%

Dow Jones - Fallers

Amgen Inc. (AMGN) $311.04 -1.17% International Business Machines Corporation (CDI) (IBM) $168.33 -0.38% McDonald's Corp. (MCD) $272.75 -0.28% Procter & Gamble Co. (PG) $167.40 -0.27% Travelers Company Inc. (TRV) $218.65 -0.26% Microsoft Corp. (MSFT) $420.05 -0.22% Boeing Co. (BA) $182.58 -0.21% Verizon Communications Inc. (VZ) $40.20 -0.12% Merck & Co. Inc. (MRK) $130.73 -0.12% Cisco Systems Inc. (CSCO) $48.28 -0.11%

S&P 500 - Risers

Albemarle Corp. (ALB) $134.63 4.21% Freeport-McMoRan Inc (FCX) $53.77 3.32% Advanced Micro Devices Inc. (AMD) $167.12 2.77% Valero Energy Corp. (VLO) $162.44 2.49% Newmont Corporation (NEM) $43.83 2.31% Take-Two Interactive Software Inc. (TTWO) $149.30 2.21% Bath & Body Works, Inc. (BBWI) $49.94 2.02% Chubb Corp. (CB) $270.20 2.01% Marathon Petroleum Corporation (MPC) $178.04 1.87% Alaska Air Group Inc. (ALK) $43.99 1.64%

S&P 500 - Fallers

Dxc Technology Company (DXC) $16.19 -18.54% Dollar Tree Inc (DLTR) $118.02 -2.70% Macerich Co (MAC) $15.65 -2.58% Under Armour, Inc. (UA) $6.48 -2.41% eBay Inc. (EBAY) $51.50 -2.28% Dollar General Corp (DG) $143.31 -2.24% Seagate Technology Plc (STX) $96.12 -2.16% Gen Digital Inc. (GEN) $24.86 -2.14% Cognizant Technology Solutions Corp. (CTSH) $68.86 -2.09% Sba Communications Corp. (SBAC) $198.98 -1.92%

Nasdaq 100 - Risers, Inc. (JD) $35.57 3.79% NetEase Inc. Ads (NTES) $106.85 2.53% Group Limited (TCOM) $57.74 2.36% Take-Two Interactive Software Inc. (TTWO) $149.30 2.21% Tesla Inc (TSLA) $177.56 1.56% Netflix Inc. (NFLX) $619.57 1.48% Liberty Global plc Series A (LBTYA) $17.23 1.29% Liberty Global plc Series C (LBTYK) $17.65 1.23% Starbucks Corp. (SBUX) $76.08 1.07% Asml Holdings N.V. (ASML) $929.20 1.05%

Nasdaq 100 - Fallers

Dollar Tree Inc (DLTR) $118.02 -2.70% eBay Inc. (EBAY) $51.50 -2.28% Seagate Technology Plc (STX) $96.12 -2.16% Gen Digital Inc. (GEN) $24.86 -2.14% Cognizant Technology Solutions Corp. (CTSH) $68.86 -2.09% DENTSPLY Sirona Inc. (XRAY) $27.90 -1.69% Electronic Arts Inc. (EA) $127.10 -1.59% Illumina Inc. (ILMN) $112.83 -1.42% Western Digital Corp. (WDC) $73.13 -1.31% Align Technology Inc. (ALGN) $270.32 -1.18%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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