NEW YORK (AP) — Strong gains for some of the market’s most influential companies helped Wall Street close out its fourth straight winning month.
The S&P 500 rose 25 points on Friday following blowout profit reports from Apple and several other tech titans. The Dow Jones Industrial Average gained 115 and the Nasdaq composite jumped 158.
Despite the gains, caution was clearly present across markets as the coronavirus pandemic continues to cloud the economy’s prospects.
The 10-year Treasury yield touched its lowest level since it dropped to a record low in March. Gold also continued its record-setting run as investors searched for safety.