November 22, 2024 – 7:22 AM PST
(Reuters) – The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperformed large-cap indexes.
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The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists. Services activity was at 57, beating expectations. A reading above 50 indicates expansion.
At 09:53 a.m. ET, the Dow Jones Industrial Average .DJI rose 264.30 points, or 0.60%, to 44,134.65, the S&P 500 .SPX gained 12.58 points, or 0.21%, to 5,961.29 and the Nasdaq Composite .IXIC lost 13.49 points, or 0.07%, to 18,958.93.
Keeping a lid on gains on the tech-heavy Nasdaq, Alphabet GOOGL.O dipped 0.9%, following on from Thursday’s 4% drop, as the Department of…
