jimnyc
02-23-2018, 05:25 PM
So much for that major loss, or more talk of a depression.
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Dow rallies 347 points as stocks close higher for the week
Stocks rallied on Friday as interest rates slipped further from a four-year high, pushing the major indexes higher for the week.
The Dow Jones industrial average closed 347.51 points higher at 25,309.99, with Intel as the best-performing stock. The S&P 500 gained 1.6 percent to end at 2,747.30, with utilities and energy as the best-performing sectors. The broad index also broke above its 50-day moving average — a key technical level — in afternoon trade.
Entering Friday's session, the Dow and S&P 500 were on track to close down by 1 percent for the week. They finished the week with gains of 0.4 percent and 0.6 percent, respectively.
The Nasdaq composite advanced 1.8 percent to 7,337.39 as shares of Facebook, Amazon, Netflix and Alphabet all rose. For the week, the index rose 1.4 percent.
Rest - https://www.cnbc.com/2018/02/23/us-stock-futures-dow-data-earnings-and-politics-on-the-agenda.html
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Dow rallies 347 points as stocks close higher for the week
Stocks rallied on Friday as interest rates slipped further from a four-year high, pushing the major indexes higher for the week.
The Dow Jones industrial average closed 347.51 points higher at 25,309.99, with Intel as the best-performing stock. The S&P 500 gained 1.6 percent to end at 2,747.30, with utilities and energy as the best-performing sectors. The broad index also broke above its 50-day moving average — a key technical level — in afternoon trade.
Entering Friday's session, the Dow and S&P 500 were on track to close down by 1 percent for the week. They finished the week with gains of 0.4 percent and 0.6 percent, respectively.
The Nasdaq composite advanced 1.8 percent to 7,337.39 as shares of Facebook, Amazon, Netflix and Alphabet all rose. For the week, the index rose 1.4 percent.
Rest - https://www.cnbc.com/2018/02/23/us-stock-futures-dow-data-earnings-and-politics-on-the-agenda.html