Although Mr. Market appears to be taking a breather from a strong start to the year, all three major U.S. indices are hanging near multi-year highs.
On Friday, the Dow Jones Industrial Average closed at 13,981, slightly lower for the week, but still within earshot of its all-time nominal high. The Nasdaq also edged lower for the week, but remains at its best level in more than a decade. Meanwhile, the S&P 500 finished at 1,520. The S&P 500 gained 0.10 percent for the week and has now closed higher for seven-consecutive weeks, the longest streak in over two years and the best opening streak to a year since 1967.
However, investors are taking a moment to digest the strong performance. Over the past two weeks, the difference between the Dow’s intraday high and low have been about 1.4 percent, the lowest spread since late 1986, according to Bespoke Investment Group. Furthermore, the readings on bullish sentiment from The American Association of Individual Investors have declined for three-straight weeks.
Here’s a look at some of the biggest blue-chips making moves…