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Big technology stocks drove the Nasdaq Composite to a weekly gain of 0.44% as the Dow Jones Industrial Average and Russell 2000 finished the week in negative territory, according to Stock Preachers market commentary.
The S&P 500 also slipped 0.31% for the week despite a 0.69% jump on Friday. The Dow Jones Industrial Average closed at 51,094.96 on Friday, up 0.33% on the day but down 1.42% for the week.
Its RSI14 indicator stood at 38.1, which the commentary noted signals a weakening trend. The Nasdaq Composite rose 1.18% on Friday to close at 27,188.02.
The Russell 2000 index gained 0.97% on the day to reach 2,833.74, but remained down 0.13% for the week. Volatility measures showed mixed signals during the trading period.
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