Advertisement
U.S. stocks rose on Friday as Wall Street tried to shake off a volatile start to the recent yr.
The Dow Jones Industrials advanced 245.85 points to 42,638.12.
The S&P 500 index rose 60.61 points, or 1%, to 5,929.16.
The NASDAQ Composite gained 274.88, or 1.4%, to 19,555.67.
Technology stocks were a vibrant spot on the market on Friday. Chip giant Nvidia is up greater than 3%, while the cyber defense name is CrowdStrike
added 2.6%. Homebuilder PulteGroup also rose greater than 2% to develop into the leader in the consumer group.
Stocks are on the right track to end the week with losses despite Friday’s gains. The 30-stock Dow and the S&P 500 are each down about 0.7%. The NASDAQ Composite fell 0.9%.
In terms of economic data, the ISM industrial index for December was 49.3. According to Dow Jones, that is above expectations at 48.0, but still below the 50 level that indicates expansion in the sector.
Prices of 10-year Treasury bonds fell, pushing the yield to 4.58% from Thursday’s high of 4.56%. Treasury bond prices and yields are moving in opposite directions.
Crude oil prices rose 85 cents to $73.98 a barrel.
Gold prices fell by $14.50 per ounce to US$2,654.50
