Dow makes big move on Friday as tech stocks lift Nasdaq

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.

Sven Henrich: As long as inflation data comes in better than expected, there is potential to see a rally

The major U.S. benchmarks are rebounding from Thursday's losses as stocks look to end the week on a high note with commodities like oil and gold jumping well into positive territory. U.S. nonfarm payrolls rose by 223,000 jobs in December, Labor Department data showed, while a 0.3% rise in average earnings was smaller than expected and less than the previous month's 0.4%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer says he likes these 5 Nasdaq stocksCramer gave investors his top stock picks from the Nasdaq Composite on Thursday. I just shorted all 5 stocks! Pumper? jimcramer Let’s short them.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks stage first big rally of 2023 as hopes of easing inflation grow, Dow up 600Investors cheered two economic reports that may signal inflation is cooling off.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rally as traders bet that inflation may be cooling off, Dow surges 700 pointsInvestors cheered two economic reports that may signal inflation is cooling off. Give back Not so fast Wall Street looks like a little bit of a trap here
Source: CNBC - 🏆 12. / 72 Read more »

Dow gains 700 points as stocks log biggest advance in 5 weeksU.S. stocks logged their biggest daily advance in more than 5 weeks on Friday as investors reacted to data showing the labor market and wage growth finally starting to cool. The DJIA climbed 700 points, or 2.1%, to finish at roughly 33,630.
Source: MarketWatch - 🏆 3. / 97 Read more »