DAILY UPDATE: Wingstop and the Markets

By Staff Reporters

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Investors hope this week on Wall Street will be as enjoyable as the last, when stocks raced higher after Fed Chair Jerome Powell previewed a series of rate cuts. Wingstop stock has surged more than 380% in the last five years.

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Here’s where the major benchmarks ended last week:

  • The S&P 500 index sank 7.35 points (0.1%) to 5,234.18, up 2.3% for the week; the Dow Jones Industrial Average dropped 305.47 points (0.8%) to 39,475.90, up 2% for the week; the NASDAQ Composite rose 26.98 points (0.2%) to 16,428.82, up 2.9% for the week. 
  • The 10-year Treasury note yield dipped five basis points to 4.22%, down nearly nine basis points for the week.
  • The CBOE Volatility Index edged up 0.14 to 13.06, falling 1.34 points for the week.

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