S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week: Live updates

February 10, 2024

Stocks rose on Friday after December's revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. The S&P 500 rose 0.57% to end at 5,026.61, while the Nasdaq Composite rallied 1.25% to close at 15,990.66. For the week, the S&P added 1.4%, while the Nasdaq gained 2.3%. All three major averages notched their fifth straight winning week and 14th positive week in 15. It's also propelled the S&P to close above the 5,000 level after first touching the milestone during Thursday's session.