Stock markets: Dow Jones secures eighth day in win streak

The Dow Jones Industrial Average (^DJI) cinches another good day, closing higher for its eighth straight session. The index has risen by 4.25% over the past week in its May rally. The S&P 500 (^GSPC) stays in the green, while the Nasdaq Composite (^IXIC) drops just below its flatline in the session.

Market Domination Overtime Host Julie Hyman reviews Friday's market performance, keying in on several standout stocks such as Zeekr Intelligent Technology (ZK) after its debut on the New York Stock Exchange via an IPO.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

There.

We have the closing bell on Wall Street.

Now it's market domination Over time, you're going to join us in a few minutes to talk about today's action.

But let me get you up to speed on what happened today, sponsored by tasty trade, the Dow making it eight sessions in a row higher here.

We got the seven day chart right here, showing that 4% gain that we have seen over that period of time.

But it's been quite a run for the Dow here, the S and P five treading water here today, ending the session a little bit higher than as though still in the red, but just very marginally on the day.

We had a consumer confidence numbers this morning, sentiment coming in in a six month low, even as expectations for inflation ticked up and we had a lot of Fed speak.

A lot of Fed officials today sort of indicating that they are content to hold on rates for now.

So it's an interesting period of time.

Let's take a look a little bit more granularly at what happened in the session.

Energy stocks and consumer discretionary, the biggest drags in the S and P, 500 staples and financials rising the most.

And with that strength in the Dow, let's see what helped gain the most today going to equal way so we can see here.

McDonald's rising after reports that it was going to unveil a $5 value menu.

So those shares up better than 2.5%.

3 M shares.

Verizon and Amex rounding out some of the other top movers there but want to go back over and take a look at our trending tickers because there's one stock I want to point out.

In particular.

That's company called Zer, which is a high end Chinese auto manufacturer.

Here it is here, having its initial public offering today.

It's owned by GG Holding, but it the higher end operation within that.

This is the biggest Chinese, um, debut in the US since 2021.

These are the American depository shares of the Chinese company and the shares Um, selling 21 million shares altogether, opening at 26 today and then rising, rising as much as 40% at one point, but finishing the day up about 34%.

Josh