U.S. stocks finish higher as Nasdaq logs biggest two-day jump since February

U.S. stocks finished higher on Friday, with the Nasdaq Composite capping off a fifth-straight week in the green, and its biggest two-day jump since early February. According to FactSet data, the Nasdaq rose nearly 500 points between Thursday and Friday, the biggest two-day jump since Feb. 2. It’s also the first time since Feb. 3 that the index has risen for five straight weeks. On Friday, the Nasdaq rose 277.59 points, or 2.2%, to finish at 12,975.

19 points, or 1.3%, to 4,205.47 on Friday, up 0.3% for the week. The Dow Jones Industrial Average rose 328.69 points, or 1%, to 33,093.34, but still finished the week down 1%. Stocks rose on Friday due in part to data on consumer spending and orders of so-called durable goods, which suggested the core of the U.S. economy was outperforming at the start of the second quarter. Meanwhile, shares of Nvidia Corp. gained 2.

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.

Nasdaq threatens to delist Trump SPAC from stock marketThe controversial merger has also been stalled by legal scrutiny. The Justice Department is investigating the acquisition, in addition to the SEC. In late June, Digital World disclosed its board me…
Source: mercnews - 🏆 88. / 68 Read more »

Stock market news: Nasdaq surges on Nvidia's stellar quarterly resultsUS stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. stocks open mostly higher as Nvidia drives tech rallyU.S. stock indexes opened mostly higher after Nvidia gave stronger-than-expected revenue forecast for its fiscal second quarter, while the Dow Jones Industrial Average was off 55 points, or 0.2%, to 32,744:
Source: MarketWatch - 🏆 3. / 97 Read more »