Three major indexes notch record closing highs for second day; volume jumps

Written by Abiegel Smarteel and Burvi Agarawal

(Reuters) -Each three main indexes in Wall Street recorded the high records for the second day in a row on Friday, when the trading volume reached its highest level since April, as FEDEX rose after optimistic profits.

The S&P 500 and NASDAQ index achieved their third consecutive week of gains, which was strengthened by the first federal interest reduction in 2025 on Wednesday and indicators of more monetary policy mitigating.

On Friday, the size of the American stock exchanges reached 27.78 billion shares, compared to an average of 17.41 billion for the full session during the twenty trading days. The trading volume in early April broke the records of the United States, as the market was skipped in the wake of US President Donald Trump’s tariff advertisements.

The shares of the FEDEX Permanent Delivery Company emerged by 2.3 % after it recorded quarterly profits and revenues than the analysts on Thursday, as the reduction of costs and strength in local delivery operations helped compensate for the weakest international sizes.

Apple 3.2 % increased after increasing the target price of JP Morgan, while the gains in Palantir Technologies and Oracle also paid the S&P 500 technology sector by 1.19 %.

Seven of 11 S&P indicators rose, while energy stocks were larger.

Wall Street responds earlier in the day, as investors continued to digest the FBI’s look and get a reading on Stephen Miran, his latest governor and economic advisor at the White House, who spoke on CNBC on Friday morning.

“Certainly if the idea is that the federal reserve is moving in a direction to relax in the goal of inflation, this is definitely a recipe for running hot, and this is a good thing for stocks,” said Scott Laden, chief investment official in Horizon Investments.

Dow Jones Industrial Value 172.85 points, or 0.37 %, increased to 46,315.27, acquired S&P 500 32.40 points, or 0.49 %, to 6664.36, and the Nasdaq compound got 160.75 points, or 0.72 %, to 22,631.48.

For the week, the S&P 500 increased by 1.2 %, the Nasdaq Stock Exchange increased by 2.2 % and added 1.05 % Dow.

The small Russell 2000 index decreased by 0.71 % after it achieved a record day. I set a record on Thursday, the first since November 2021.

“The small hats were inversely traded with prices,” Ladener said.

Meanwhile, Trump and his Chinese counterpart Xi Jinping spoke on the phone, after which Trump said that the two leaders made progress in the Tiktok deal and agreed to a face -to -face meeting as soon as next month in South Korea.

Also on Friday, the Senate banned a short -term financing bill, which increased the possibility of the US government.

There are the three main Wall Street indexes in a positive area so far in September – a month that is considered a bad traditional for us. The S& P 500 normative index has thrown 1.4 % on average a month since 2000, according to the data collected by LSEG.

In other stock news, Lennar decreased by 4.2 % after Builderner recorded a decrease in profit in the third quarter and expectations for homes in the fourth quarter below.

Paramount Skydance jumped by 5.9 % after the CNBC report put more details about the possible media company Warner Bros Discovery, which increased by 3.4 %. The offer can come later than what was previously expected, according to CNBC.

The decrease in the number of problems in Advanceers exceeded 1.43 to 1 on the New York Stock Exchange, by 1.42 to 1 on the Nasdaq Stock Exchange.

The S&P 500 has published a new height for 52 weeks and 17 lowest new levels, while the Nasdaq compound has recorded 151 new levels and 54 new levels.

(I participated in the Abyel Smartelil in New York, Burphi Agarawal and Sogriti Gupta in Bangaluru; additional reports from Caroline Valmanvich in New York; edited by Bouja Disai, Mago Samuel and Matthew Lewis)