Nasdaq Gains for Week as Dow and Small Caps Fall
Technology strength lifted the Nasdaq for the week, while the Dow, Russell 2000 and S&P 500 finished below their prior closes.
Key takeaways
- The Nasdaq Composite gained 0.44% for the week, while the Dow fell 1.42%.
- WTI crude fell 2.19% for the week, and the 10-year Treasury yield rose eight basis points.
- RTX secured a contract valued at up to $24.4 billion for Standard Missile-6 interceptors.
Big technology names helped the Nasdaq Composite gain 0.44% for the week, despite declines in the Dow Jones Industrial Average, Russell 2000 and S&P 500. The Nasdaq rose 1.18% Friday to 27,188.02.
The Dow fell 1.42% for the week, though it rose 0.33% Friday to 51,094.96. The S&P 500 gained 0.69% Friday to 7,719.34 but lost 0.31% for the week. The Russell 2000 rose 0.97% Friday to 2,833.74 and slipped 0.13% for the week.
WTI crude fell 2.19% for the week to $90.57 a barrel. The 10-year Treasury yield rose eight basis points for the week to 5.26%, while the CBOE Volatility Index ended at 15.58.
Among company developments, Raytheon, an RTX business, secured a contract valued at up to $24.4 billion for Standard Missile-6 interceptors. Integra LifeSciences lowered its 2026 revenue and adjusted earnings forecasts, citing the effects of July flooding at its Cincinnati facility.
Trilogy Metals reported third-quarter net income of $0.2 million, compared with a year-earlier loss, and said it closed a $35.6 million strategic investment from the Department of War. Phillips Edison raised its 2026 gross acquisitions guidance, while Axogen completed its acquisition of BioCircuit Technologies.
This article was produced with the help of AI technology. Source: Yahoo Finance
