US closes higher, recovers some of week's losses

Friday, 20. August 2021 22:00

Shares on the major stock market indices in the United States ended the session in the green on Friday, failing to completely erase the losses registered during the week.

Technology shares led the gains across the board, seemingly helping the investors shake off the worries prompted by hints of a possible slowdown in Federal Reserve's asset purchases.

The Dow Jones Industrial Average soared 0.65% or 225 points at the end of the session as Microsoft gained 2.56%. The Nasdaq 100 surged 1.06% at the same time with Nvidia skyrocketing 5.14%. The S&P 500 closed 0.81% above the flatline. The euro strengthened by 0.23% versus the dollar, selling for 1.17016 at 3:59 pm ET.

Related Links: 
Author:
Breaking the News / BU