On Friday, U.S. stocks mostly edged higher, with the S&P 500 and Nasdaq Composite pushing to new record highs, buoyed by promising news on job growth in November.
The S&P 500 gained 15.16 points, rising by 0.2% to finish the day at 6,090.27. Meanwhile, the Nasdaq saw a more substantial climb, adding 159.05 points, or 0.8%, closing at 19,859.77. Contrary to this positive trend, the Dow Jones Industrial Average took a dip, losing 123.19 points, or 0.3%, and ending the session at 44,642.52.
Looking at the week overall, the Nasdaq, known for its tech-heavy composition, surged by 3.3%. The S&P 500 was up by 1%, yet the Dow slipped slightly by 0.6%. Both the S&P 500 and Nasdaq celebrated a third consecutive week of gains, benefiting from the easing of Treasury yields.
On the Treasury front, the yield on the 10-year note dropped on Friday to 4.150%, marking its third week of decline, as highlighted by Dow Jones Market Data.
