Wall Street ends mixed after Nasdaq stumbles; S&P down for the second week in a row
The Dow ended lower overall on the week, and the S&P 500 hit consecutive losing weeks for the first time since February
4:07pm: Ford stock races ahead after electric F-150 reservations draws 20,000 reservations
The industrials ended Friday up 124 points, 0.4%, at 34,208. Meanwhile, the Nasdaq lost 65 points, 0.5%, to 13,471, and the S&P 500 ticked down 3 points to 4,156.
The Dow ended lower overall on the week, and the S&P 500 hit consecutive losing weeks for the first time since February.
Ford Motor Company (NYSE:F) shares jumped nearly 7% on news that the automaker received 20,000 reservations for the new electric F-150 Lightning pickup truck in less than 12 hours since it was revealed to the public, which CEO Jim Farley first told CNBC in an interview.
S&P 500, Dow extend recovery after strong U.S. business surveys
By Medha Singh
Reuters
(Reuters) - The S&P 500 and the Dow rose on Friday, extending a recovery from the previous session, as strong U.S. factory and services activity surveys lifted the mood at the end of a volatile week of trading.
Helping the Dow outperform was Boeing, which added about 3% as industry sources said the planemaker has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022.
IHS Markit s data showed U.S. business activity picked up in May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor.
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