- US equities erased early losses and climbed on Friday, with the
S&P 500 closing at a record high following positive economic data. - Existing home sales $4 to a seasonally adjusted rate of 5.86 million. Economists expected a reading of 5.41 million.
- Apple led
tech stocks higher and posted a record high ahead of its end-of-month stock split. - Oil sank before retracing some losses. $4 fell as much as 2.6%, to $41.46 per barrel.
- $4.
US stocks gained on Friday to close out a week that saw multiple major indexes hit records. The benchmark $4 closed at an all-time high.
Major indexes erased early losses and gained through the day on positive economic data. US existing home sales posted a second-straight record jump on Friday, $4 to a seasonally adjusted rate of 5.86 million, according to the National Association of Realtors.
Economists surveyed by Bloomberg expected a jump to 5.41 million. Home sales have been bolstered by deferred demand and historically low mortgage rates.
Here's where US indexes stood at the 4 p.m. ET market close on Friday:
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Tech stocks led indexes higher once again. $4 reached a record high ahead of a four-for-one stock split set to take place on August 31. $4 and $4 posted milder gains.
The agriculture giant $4 gained in early trading after beating quarterly estimates and raising its profit forecast.
$4 just before a five-for-one stock split scheduled for August 28. The automaker surged above $2,000 per share in the previous session to become more valuable on a market cap basis than Walmart.
Read more: $4
Traders found early optimism in vaccine news from $4 and $4. The companies said late Thursday that their experimental coronavirus vaccine could be sent to regulators for approval as early as October. They $4 the latest study of the vaccine found fewer side effects than past trials.
Oil sank before paring some losses through the day. $4 fell as much as 2.6%, to $41.46 per barrel. $4, oil's international benchmark, dropped 2.9%, to $43.59 per barrel, at intraday lows.
The rally came after tech stocks similarly $4. Investors got their latest sign of a weakening economic recovery on Thursday morning when the Labor Department said jobless claims $4 last week; economists surveyed by Bloomberg had expected a reading of 920,000.
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