Closing records for the Nasdaq and S&P 500


by Herbert Lash

NEW YORK (Reuters) – The New York Stock Exchange ended up 0.09% on Friday, with The Nasdaq and S&P 500 again hitting closing records as investors await the outcome of stimulus talks of the Biden administration.

The Dow Jones index gained 27.7 points to 31,458.4.

The larger S & P-500 gained 18.45 points, or 0.47%, to 3,934.83.

The Nasdaq Composite advanced 69.7 points (0.50%) to 14,095.47 points.

The energy, finance and materials sectors have benefited from investors’ hopes for the recovery of the US economy.

The drop in the number of new COVID-19 cases and hospitalizations has boosted the markets but a resumption of the epidemic caused by the new variants or a problem in the distribution of the vaccine could reverse the trend.

The University of Michigan confidence index shows an unexpected decline in February in its first estimate, to 76.2 after 79.0 in January.

Markets will be closed for a three-day weekend, Monday being a public holiday.

To values, Paypal was up 4.6802% after several analysts raised their price targets.

The technology giants Apple (0.1776), Tesla (0.5495) and Microsoft (0.2045) evolved down most of the meeting.

(French version Camille Raynaud)


Source: Challenges en temps réel : accueil by www.challenges.fr.

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