The Nasdaq composite reached a new all-time high on Friday afternoon, breaking a 27-month-old record. Major indexes in the stock market rallied, with the Nasdaq closing up 1.1% at 16,274.94. This marked the second consecutive day of record high closes for the index.
The Dow Jones Industrial Average and the S&P 500 also saw gains, with the Dow rising 0.2% and the S&P 500 increasing by 0.8%, setting their own record closing highs. The small-cap Russell 2000 also saw a bump of nearly 1.1% to reach its highest level since April 2022.
The day saw various stocks making significant moves, with Spirit AeroSystems surging 15.3% on news of a potential buyout by Boeing. Meanwhile, Commvault Systems climbed nearly 2%, Marvell Technology soared 8.3%, and Veeva Systems fell nearly 1.6%.
Overall, it was a day of positive movement in the stock market, with several stocks making notable gains and reaching new highs.
