US stocks finish higher as tech shares rally, but more stocks fall than rise
Friday 6 November: the S&P 500 inched up 0.3% to 7,376.86, the Nasdaq Composite +1.1% and the Dow −0.5%.
US stocks finished higher on Friday as technology shares rallied, even though 315 of the 499 large US stocks StocksXray tracks fell and only 183 rose. The S&P 500 added 0.3% to 7,376.86, the Nasdaq Composite climbed 1.1% to 24,579 and the Dow Jones slipped 0.5% to 51,286.
Technology was the strongest of the 11 sectors, up 1.4% on average, while consumer staples was the weakest at −1.2%. Coherent (COHR) led the gainers with a 13.6% jump, ahead of Airbnb (ABNB) at 11.7% and Advanced Micro Devices (AMD) at 11.0%. On the downside, Axon Enterprise (AXON) fell 18.2%, Microchip Technology (MCHP) 10.0% and Charter Communications (CHTR) 6.2%.
The VIX volatility index fell to 25.6. The dollar index gained 0.7%.
For the year, the S&P 500 is up 7.8%, 5.7% below its 52-week high. StocksXray's Market Compass reads Risk-on, with 1 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,376.86 | +0.31% |
| Dow Jones | 51,285.73 | −0.46% |
| Nasdaq Composite | 24,579.42 | +1.09% |
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Educational only, not financial advice. Numbers beside the story are from our own data.