Stocks close higher Friday, Nasdaq notches third straight week of wins 3

Nasdaq share price

Friday was a positive day for the stock market, as stocks closed higher across the board. The Nasdaq, in particular, had a strong showing, notching its third straight week of gains.

The Nasdaq Composite index closed at 13,974.26, up 1.3% for the day and 6.8% for the week. This marks the index’s highest closing level since February 2020. The S&P 500 also closed higher, at 3,971.97, up 0.9% for the day and 5.2% for the week. The Dow Jones Industrial Average also closed higher, at 31,613.48, up 0.7% for the day and 4.5% for the week.

The strong performance of the Nasdaq can be attributed to the continued growth of technology companies, with many reporting strong earnings and positive outlooks. Companies such as Apple, Microsoft, and Amazon all saw their stock prices rise, contributing to the Nasdaq’s gains.

In addition to technology, the healthcare sector also had a strong showing, with companies such as Moderna and AstraZeneca reporting positive developments in their COVID-19 vaccine efforts.

Despite the positive end to the week, it’s important to remember that the stock market can be volatile and fluctuations are to be expected. It’s always important to do your own research and invest wisely.

In conclusion, the stock market closed higher on Friday, with the Nasdaq notching its third straight week of gains. The strong performance of technology and healthcare companies contributed to the overall positive showing. However, it’s important to keep in mind that the stock market can be volatile and fluctuations are to be expected. As always, it’s important to do your own research and invest wisely.