S&P Set for 4th Winning Week in Row

The S&P 500 rose slightly Friday, reaching the 4,300 benchmark for the first time since August 2022 as investors looked ahead to new inflation data set for release next week, along with the Federal Reserve’s latest policy announcement.

The Dow Jones Industrials came down from its highs of the morning, staying ahead 11.95 points to 33,845.56.

The S&P 500 gained 7.92 points to 4,301.85.

The NASDAQ index pointed up 39.31 points to 13,277.83.

For the week, the S&P 500 was up 0.5%, on track for its fourth straight weekly gain. That would be the index’s longest weekly winning streak since August. The Nasdaq was also up about 0.5%, on pace for its seventh straight advance one-week advance, which would be its longest streak of gains since November 2019.

Tesla shares popped 5% on news that General Motors will use its electric vehicle charging network. GM’s stock also climbed 0.5%. DocuSign shares, meanwhile, jumped 7% after the electronic agreements firm beat analysts’ first-quarter expectations on the top and bottom lines.

Prices for the 10-year Treasury lost ground, raising yields to 3.75% from Thursday’s 3.71%. Treasury prices and yields move in opposite directions.

Oil prices picked up 22 cents to $71.51 U.S. a barrel.

Gold prices shed $2.80 to $1,975.80 U.S. an ounce.