Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

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 Sharecast.com

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

JD.com, Inc. (JD) $35.57 3.79% NetEase Inc. Ads (NTES) $106.85 2.53% Trip.com 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%

Share this article

Related Sharecast Articles

Europe open: Upbeat Wall St, fall in UK inflation fails to inspire Stoxx
(Sharecast News) - The ebullient close on Wall Street and a fall in UK inflation to 2% for the first time since 2021 failed to inspire European markets on Wednesday with shares opening flat.
London pre-open: Stocks seen flat as inflation eases to BoE's 2% target
(Sharecast News) - London stocks were set for a steady open on Wednesday as investors mulled the latest UK inflation reading.
US close: Nvidia lifts S&P 500 and Nasdaq to new heights
(Sharecast News) - US stock inched higher on Tuesday with the S&P 500 and Nasdaq eking out new record highs on the back of yet more gains from Nvidia, which surpassed Microsoft as the world's most valuable listed company.
London close: Stocks manage a positive finish
(Sharecast News) - London stocks closed on a high note on Tuesday, buoyed by strong performances from key sectors and a notable rise in Whitbread shares following positive first-quarter results.

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.