S&P 500 Gains and Losses Today: Axon Shares Surge as Taser Maker Tops Estimates [Video]

Major U.S. equities indexes ticked higher to wrap up an eventful week of political and economic news. Election Day on Tuesday was followed by the Federal Reserve’s announcement on Thursday of a quarter-point interest-rate cut.

After crossing the 6,000-point threshold in intraday trading for the first time in history, the S&P 500 ended Friday just below that level, posting a daily gain of 0.4% to finish the historic week with an all-time closing high. The Dow advanced 0.6%, while the Nasdaq eked out a gain of 0.1%, with both indexes joining the S&P 500 in notching record closes.

Shares of police and military equipment supplier Axon Enterprise (AXON) led the S&P 500 higher on Friday, surging 26.7% to an all-time high following a strong quarterly earnings report. The Taser manufacturer topped third-quarter sales and profit estimates, boosted by revenue growth from its marquee “less-lethal” weapon, its software and sensors business, and its cloud services products.

Cybersecurity firm Fortinet …