Wall Street closes its best week of the year
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Friday, Aug. 16, 2024. (AP Photo/Richard Drew)
NEW YORK (AP) — U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day.
The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. Treasury yields eased a bit following a couple mixed reports on the U.S. economy. The yield on the 10-year Treasury fell to 3.88%.
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