NEW YORK (dpa-AFX) – In the course of a price jump in the shares of Merck & Co, the Dow Jones Industrial recovered largely on Friday from its previous day’s losses. The news that the pharmaceutical company is about to break through with a drug against Covid-19, after days of fear of interest rates, once again focused on the hope of a way out of the pandemic.
In the end, the leading index advanced by 1.43 percent to 34,326.46 points. It got off to a good start in October. On a weekly basis, he was able to reduce his minus, which was driven by concerns about inflation, US budget poker and economic worries due to delivery bottlenecks, to 1.4 percent.
The broader S&P 500 
rose by 1.15 percent to 4,357.04 points. The recovery was somewhat milder for the high-growth tech stocks, which had recently been hit particularly hard by fear of a tighter monetary policy. The Nasdaq 100 selection index coined by them increased by 0.70 percent to 14,791.87 points.
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