Dow Breaks Two-Week Streak with Modest Gain Amid Price Weighting
The Dow Jones Industrial Average closed at 54,036.52 on Friday, marking a gain of 0.28% and ending the week with a 2.96% increase.
This weekly rise is the largest since mid-April, but it's worth noting that price weighting had a significant impact on the index.
Caterpillar and Visa contributed to a decline in points for the Dow, trimming around 135 points from its value.
Excluding these two stocks, the index would have climbed nearly 287 points, indicating a more substantial gain than initially reported.