Major stock indexes ended Friday's session with strong gains after the three major indexes hit an all-time high at close, while the S&P 500 and the Nasdaq 100 reached an intraday all-time high pushed by technological companies and expectations that interest rate cuts are on the horizon. Investors also digested the latest reports on existing home sales and consumer confidence released earlier in the day.
Additionally, Meta Platforms Inc. hit an intraday all-time high a day after its CEO Mark Zuckerberg revealed that the company is currently training its new large language model Llama 3.
The Dow Jones climbed 1.05% or 395 points at the close, with The Travelers Companies Inc. going up by 6.72%. The Nasdaq 100 surged 1.95% and the S&P 500 gained 1.23%, as Advanced Micro Devices Inc. pushed up both indexes, rising 7.11%.
The euro added 0.24% against the dollar at 3:59 pm ET, to go for $1.08951.
