US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.

The US stocks have closed the week with gains on the day.

The S&P and the Nasdaq remain lower on the week. The Dow and the small-cap Russell 2000 closed higher with the Russell 2000 the best performer on the rotation on hopes lower rates would help those companies going forward.

The final numbers are showing:

• Dow industrial average rose 654.27 points or 1.64% at 40,589.35.
• S&P index rose 59.86 points or 1.11% at 5459.09
• NASDAQ index rose 176.16 points or 1.03%17357.88

The small-cap Russell 2000 rose to 37.08 points or 1.67% at 2260.06.

For the trading week:

• Dow Industrial Average average rose 0.75%.The Dow closed higher for the fourth consecutive week
• S&P index fell -0.83%. The S&P index fell for the second consecutive week.
• NASDAQ index-2.08%. The NASDAQ index fell for the second consecutive week.
• Russell 2000 rose 3.466% and for the third consecutive week.

Next week is a huge week with Amazon, Apple, Meta Platforms, and Microsoft all scheduled to release earnings.

Today:

• Meta Platforms +2.75%
• Amazon, +1.47%
• Alphabet -0.17%
• Apple +0.22%
• Microsoft +1.64%
• Tesla -0.20%
• Nvidia +0.71%

For a list of the other companies scheduled to release can be found HERE. Of course the Fed interest rate decision on Wednesday will also be a key event. The week will also end with the US jobs report on Friday (177K estimate with the unemployment rate at 4.1%).

This article was written by Greg Michalowski at www.forexlive.com.