How major US stock indexes fared Friday, 8/16/2024

U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. Treasury yields eased a bit following a couple mixed reports on the U.S. economy. The yield on the 10-year Treasury fell to 3.88%. The market’s focus will shift next week to Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech at a setting that’s been home to big policy announcements in the past.