Five days in a row for the S&P 500 and the Dow

• It was a solid day at the end of what has been a very solid week on Wall Street.
• The S&P 500 and the Dow posted five days in a row in green.
• The Nasdaq 100 and S&P 500 reached new all-time highs on Friday.

A solid day at the end of what has been a very solid week in Wall Street; el S&P 500 closed 0.41% on the day, ending the week with gains of 4.65%, the Dow closed the day with gains of 0.3%, ending the week with gains of 3.89% and the Nasdaq Composite closed the session with gains of 0.53%, ending the week with gains of 6.01%. For the S&P 500 and the Dow, that meant five straight green sessions, the longest winning streak for the indices since August 2020.

On the other hand, the small-cap Russell 2000 also had a good day, ending the session with gains on the day of 1.3% and on the week of 7.7%, the index’s best weekly gain since early June 2020. Additionally, Five days of direct earnings gave the index its longest winning streak since May 2020.

It has been a surprising change for the US equity markets this week; US stocks closed last week on a nervous note amid concerns about increased speculative activity from retail investors in popular shorted stocks of hedge funds like GameStop and AMC. For the week, the S&P 500 lost more than 3.5%. But major US stock indices have rebounded more than last week, with the S&P 500, Nasdaq 100 and Russell 2000 returning to all-time highs. The Dow didn’t quite return to record levels, but it only lost 0.1%.

This week’s earnings calmed investors’ nerves over the potential for future volatility; The CBOE volatility index fell back to just under 9.00 on Friday, its lowest closing level since early December and the index’s biggest weekly decline since early November.