The S&P 500 closed at a record high on Friday, July 6, 2024, reaching 5,567.19, as the latest jobs report sparked hopes for rate cuts from the Federal Reserve1. This marked the S&P 500's 34th record close in 2024.
The Nasdaq Composite gained 0.90% on Friday, ending at 18,352.76. This increase contributed to the index's year-to-date gain of 22.3%.
The Dow Jones Industrial Average rose by 0.17%, or 67.87 points, on Friday, closing at 39,375.87.