How major US stock indexes fared Friday, 12/15/2023

Wall Street closed out its longest weekly winning streak in six years after big gains earlier in the week on hopes for lower interest rates in the U.S. The S&P 500 ended an up-and-down day little changed Friday

Wall Street closed out its longest weekly winning streak in six years after big gains earlier in the week on hopes for lower interest rates in the U.S.

The S&P 500 ended an up-and-down day little changed Friday. It still posted a solid gain for the week and its seventh straight weekly gain. The Dow added 0.2%, reaching its third all-time high in a row. The Nasdaq composite rose 0.4%.

Hopes for cuts to interest rates from the Federal Reserve in 2024 have sent Treasury yields tumbling this week, which releases pressure on the stock market.

On Friday:

The S&P 500 fell 0.36 points, or less than 0.1%, to 4,719.19