Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We