Market Commentary

S&P 500 closes at a record for the 7th straight day for the first time
in 24 Years

• US stocks finished at new highs on Friday, with the S&P 500’s seventh-straight record close marking its longest streak since 1997, after a stronger-than-expected jobs report. All three benchmarks climbed to new all-time highs ahead of the US Independence Day holiday weekend, with the Dow Jones Industrial Average notching its first record close since May. The Dow advanced 0.4%, to end at 34,786.35. The S&P 500 rose 0.8%, to 4,352.34, and the Nasdaq Composite rose 0.8%, to 14,639.33. The 10-year Treasury yield declined to 1.43%.