NEW YORK (dpa-AFX) – The US stock exchanges continued their recent recovery on Friday. After the price slide from early April to mid-May, bargain hunters grabbed it again and used the supposedly cheap prices to get started, said stockbrokers.
Der Dow Jones Industrial rose 0.77 percent to 32,889.53 points in early trade. A week ago, the leading index had fallen to its lowest level in more than a year. Now there are signs of a plus of a good 5 percent on a weekly basis.
The market-wide S&P 500 gained 1.43 percent on Friday to 4116.05 points. The tech-heavy Nasdaq 100
increased by 1.98 percent to 12,519.26 points.
The latest economic data meanwhile did not provide a uniform picture. US consumer spending increased significantly in April as well. However, consumer sentiment clouded over more than expected in May./la/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0181 2022-05-27/16:16
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