News Formal

Dow climbs 550 points as U.S. stocks snap 4-day losing streak

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stocks snapped a four-day losing streak on Friday, but the Dow Jones Industrial average still saw its biggest weekly pullback since the week ended March 10. For Friday’s session, the Dow gained 546.64 points, or 1.7%, at 33,674.38:

U.S. stocks snapped a four-day losing streak on Friday as a rebound in shares of beaten-down regional banks along with sharp gains in shares of Apple Inc. sent the main indexes sharply higher.

However, Friday’s gains weren’t enough to wipe out weekly losses for the S&P 500 SPX and Dow DJIA, which saw their biggest weekly pullback since the week ended March 10, falling 0.8% and 1.2%, respectively, according to preliminary closing data from FactSet. The Nasdaq Composite COMP eked out a marginal weekly gain of 0.1%. For Friday’s session, the S&P 500 gained 75 points, or 1.9%, to finish at 4,136.25, according to preliminary...

 

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

 /  🏆 3. in NG

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.

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market Today: PacWest Tumbles; Oil SteadiesAftershocks from March’s banking turmoil rumble on, even as the end of the Federal Reserve’s aggressive rate-rise campaign approaches
Source: WSJ - 🏆 98. / 63 Read more »