Todd Peters, senior vice president at Adviser Investments, has the market analysis for Friday, February 22. Despite a lack of meaningful economic indicators, all major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced. The Dow Jones Industrial Average and S&P 500 both advanced 0.7% and the NASDAQ rose 0.9% . This marks the ninth consecutive week of gains for both the Dow and NASDAQ . Meanwhile, Kraft Heinz’s stock plunged 27% after the company missed both sales and earnings expectations, cut its dividendA cash payment to investors who own stock in the company. and reported a $15.4 billion write-down . Wayfair, on the other hand, saw its stock surge nearly 28% on lower than expected quarterly losses and a 40% year-over-year sales gain .
Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.