The stock market set another round of record closes on Friday as Wall Street looked past disappointing results from major companies to notch its best month of the year.
The S&P 500 rose +0.19% to close at 4,605.38, and the DOW added 89 points or +0.25% to end at 35,819.56. The NASDAQ rose +0.33% to close at 15,498.39. All three of those closes are record highs, and the S&P 500 and NASDAQ had their best months since November of 2020.
All three major indexes posted their fourth positive week in a row and finished solidly higher for the month. On a weekly level, the DOW gained +.40%, the S&P 500 +1.33%, and the NASDAQ rounded out the week up +2.71%.
For the month of October, the NASDAQ gained +7.27, while the S&P 500 gained +6.91%. In addition, the Dow rose +5.84% for its best month since March of this year.
Bitcoin bounced back from a rough start to the week where it retreated from an all-time of 67,016.50, falling as far as 56,425.00 on Wednesday before bouncing to finish the week strong, gaining +1.94% as of Friday evening. As for the month, it was one of the strongest months that the cryptocurrency has had to post a gain of +43.92%.
Key Levels To Watch Next Week:
- S&P 500 (CME:SP500): 4,329.92
- Dow (INDEX:DJI): 34,115.10
- NASDAQ (NASDAQ:COMP): 14,441.60
- U.S. Dollar (ICE:DX): 94.56
- Gold (NYMEX:GC.Z21): 1,804.10
- Crude Oil (NYMEX:CL.Z21): 83.74
- Bitcoin (BITCOIN:BITSTAMPUSD): 51,000.00
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
