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Stock Market Summary: April 15, 2023

The stock market had a mixed day on Friday, with some sectors posting gains while others declined. The Dow Jones Industrial Average closed up 0.5%, while the S&P 500 and Nasdaq Composite both finished slightly lower.

Tech stocks were among the biggest losers on the day, with the Nasdaq Composite weighed down by declines in large cap tech companies such as Apple, Microsoft, and Amazon. However, the energy sector was a bright spot, with oil prices rising on news of a potential production cut by OPEC+.

In economic news, the U.S. Labor Department reported that the unemployment rate fell to 3.6% in March, reaching a new post-pandemic low. The report also showed that the economy added 431,000 jobs in March.

The Federal Reserve is expected to raise interest rates again at its next meeting in early May. Investors will be watching closely for any comments from Fed officials on the future path of monetary policy.

Overall, the stock market is still on track for a strong year in 2023, but investors should be prepared for some volatility along the way.

This Week in the Stock Market: Nasdaq, S&P, and Dow Key Statistics

The stock market had a strong week, with all three major indices posting gains. The Nasdaq led the way, rising 3.3%, followed by the S&P 500, which gained 2.4%, and the Dow Jones Industrial Average, which added 1.8%.

Nasdaq

• Closed at a record high of 15,343.12
• Gained 3.3% for the week
• Tech stocks led the rally, with Apple, Microsoft, and Amazon all posting strong gains
• The Nasdaq is up 20% year-to-date

S&P 500

• Closed at 4,630.65, a new all-time high
• Gained 2.4% for the week
• Energy stocks were the best performers, with Exxon Mobil and Chevron both rising more than 5%
• The S&P 500 is up 18% year-to-date

Dow Jones Industrial Average

• Closed at 34,867.87, a new all-time high
• Gained 1.8% for the week
• Boeing and Caterpillar were the best performers, both rising more than 3%
• The Dow is up 15% year-to-date

Overall, it was a strong week for the stock market, with all three major indices posting gains. The Nasdaq led the way, rising 3.3%, followed by the S&P 500, which gained 2.4%, and the Dow Jones Industrial Average, which added 1.8%.