Dow Green This Week, Nasdaq Down 4%, and Microsoft Doing All the Work Today
One index gained 1% this week. Another lost 4%. Microsoft and Micron explain most of the difference.
Overview
The Dow Jones Industrial Average (DJINDICES: ^DJI) is the only major index in the green this week. At midday Friday, it was up about 0.3% for the day and 1% for the week. The S&P 500 (SNPINDEX: ^GSPC) hovered near breakeven on the day but was down 1.5% for the week. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index fell 0.5%, extending its weekly loss to 4%.
Friday's session captured the week in miniature. Microsoft (NASDAQ: MSFT) rose nearly 5%, doing the heavy lifting across all three major indexes. Space Exploration Technologies (NASDAQ: SPCX) swung from down 2% at the open to up 2.3% by noon on Starlink mobile-service buzz. And Micron Technology (NASDAQ: MU), fresh off Thursday's 16% earnings rocket, came back to earth with a 4% price drop.
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Originally published at www.fool.com.