Tech shares lead as US stocks end week on positive note

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK (AFP) - Despite lacklustre economic data, Wall Street stocks posted their best session of the week on Friday (Sept 25), with tech shares leading the market higher.. Read more at straitstimes.com.

NEW YORK - Despite lacklustre economic data, Wall Street stocks posted their best session of the week on Friday , with tech shares leading the market higher.The Dow Jones Industrial Average finished up 1.3 per cent at 27,173.96, while the broad-based S&P 500 gained 1.6 per cent to 3,298.46.

"The market has been under pressure for a while and is just catching a bit of a bargain-hunting Friday," said Art Hogan, chief market strategist at National Securities.US durable goods orders grew by 0.4 per cent in August, below estimates and a much slower level of growth than July's upwardly revised 11.7 per cent increase.

The tepid data add to worries that consumer spending is weakening as progress on another coronavirus stimulus package remains stalled. Analysts said the market is also becoming more worried about a protracted US presidential election after Donald Trump repeatedly declined this week to commit to a peaceful transition of power if he loses in November.Another big winner was Boeing, which surged 6.9 per cent after Europe's aviation regulator said the long-grounded 737 Max could be cleared to resume service by the end of the year.

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:

 /  🏆 8. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Trump tech war with China changes the game for US businessWASHINGTON (AFP) - US President Donald Trump's war on Chinese technology firms has changed the ground rules for global business, underscoring a new political reality that could have negative repercussions for American firms.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »