U.S. stock indexes ended modestly lower Friday, narrowly missing a fourth record-high close this week for the Nasdaq composite index.
The Russell 2000 index of smaller-company stocks slid 16.70, or 1.2 percent, to 1,400.43.
The Dow is up 1,177.91 points, or 6 percentThe Nasdaq is up 664.49 points, or 12.3 percent.
Continue Reading BelowOn Friday: The Standard & Poor’s 500 index slipped 4.57 points, or 0.2 percent, to 2,384.20.
The Dow is up 392.75 points, or 1.9 percent The Nasdaq is up 137.08 points, or 2.3 percent.
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Auto site Carvana tumbles 26% in stock market debut
Carvana, the site for buying and selling cars, had a rough first day in the public markets.
Like its Silicon Valley brethren, Carvana received funding prior to the IPO, but instead chose not to share investor names.
After pricing its IPO at $15 per share, it ended the day down 26 percent, at $11.10.
Carvana wants to make shopping for a car as easy as buying a book on Amazon.
Unlike Carvana, Cloudera’s shares closed up more than 20 percent.
Trump helped make stock market a winner in first 100 days, but the next 100 could be harder
By stock market standards, President Donald Trump has been a smashing success in his first 100 days and in the days following his election.
S&P 500 performance in first 100 days, and election through 100 DaysSource: CFRA, data as of 4/26/17The stock market, however, has been patient about the weaker economic reports.
“Tax reform, regulatory relief and infrastructure spending — that’s the big three the market was taking away from the Trump election.”
The more than 11.4 percent gain since Election Day also ranks third, behind the same two presidents—John F. Kennedy and George H.W.
Before his election, the market was apprehensive that Trump would create market turmoil, taking protectionist actions that would be negative for stocks.