Fifth Times a Charm, But Just for the Nasdaq | Wall Street Today

For the week, the   $S&P 500 Index(.SPX.US)$ advanced 1.58%, while the   $Dow Jones Industrial Average(.DJI.US)$ fell 0.54%. The tech-heavy   $Nasdaq Composite Index(.IXIC.US)$ climbed 3.24%. The Nasdaq and S&P hit four closing highs by Thursday, and  all time trading highs Thursday.

Friday, the University of Michigan consumer sentiment index declined to a seven-month low of 65.6 in June, from 69.1 in May, data released Friday morning showed. That's less than the 72 expected by Wall Street, according to Benzinga. Long-run inflation expectations inched up to 3.1% this month, from 3% in May, staying well above the 2.2%-2.6% range seen in the two years before the global pandemic hit, data showed.

Friday was a low-volume day, and most industries were not moving much overall, but there was a development in Semiconductor equipment. The industry list tracked by moomoo fell 1%, while Semiconductor firms climbed 0.96%, a normal low-volume day movement comparatively. $ASML Holding (ASML.US)$ fell 2%.

$Norwegian Cruise(NCLH.US)$ was the lowest declined alongside the entire cruise industry after Bank of America Analysts said there were softer prices in June than May. The stock fell 7%, the lowest on the S&P 500, followed by $Carnival (CCL.US)$.

$Adobe (ADBE.US)$ was the highest gainer on the S&P 500, up about 14% after the firm's Q2 earnings beat and the firm offered strong year guidance and celebrated their AI photo tools.

$Novavax (NVAX.US)$ fell 4% Friday, pulling back this week after a 440% stock climb over five weeks

$Tesla (TSLA.US)$ fell just 2% after the firm's annual shareholder day held in Texas. The firm celebrates their goal of self-driving cars and electric Semi trucks, and the shareholders vote to move the firm to Texas permanently and CEO Elon Musk's $56B pay package.