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Stock market optimism has been in the air in the American market recently and the Nasdaq is up 15.77 percent in one month. At closing time Norwegian time at 10:00 p.m., it looks like this on the leading indices on Wall Street:
- The broad S&P 500 index rose 1.73 percent.
- The industry-heavy Dow Jones index rose 1.27 percent.
- The technology index Nasdaq rose 2.09 percent.
With this week’s rise of 3.25 percent, the S&P 500 index has risen for four weeks in a row, and is now heading for its longest weekly rising streak since November 2021.
The spot price of Brent crude oil traded on Friday evening for 98 dollars a barrel, down 1.33 percent from Thursday.
Wall Street fluctuated yesterday
Yesterday’s trading day started with a strong upswing, but it turned around in the middle and several indices ended in the red.
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When the stock market closed at 10 p.m., the leading indices on Wall Street ended as follows:
- The broad S&P 500 index fell 0.07 percent.
- The industry-heavy Dow Jones index rose 0.08 percent.
- The technology index Nasdaq fell 0.58 percent.
One of the companies that contributed to the fall on the Nasdaq was the electric car and technology company Tesla, which ended the trading day 2.62 percent down.
The price increase in the United States for the month of July turned out to be lower than expected, the figures that arrived on Wednesday showed. Since the historically high level in June of 9.1 per cent, the price increase has slowed by 0.6 per cent in July. That led to strong optimism on Wall Street on Wednesday.(Terms)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using links, which lead directly to our pages. Copying or other forms of use of all or part of the content can only take place with written permission or as permitted by law. For additional terms se her.
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