Wall Street extends gains, Nasdaq up 2%

Freitag, 14. Mai 2021 18:20

Stocks on Wall Street extended gains on Friday with the Nasdaq 100 jumping 2% as tech shares rebounded from this week's losses.

Investors set aside inflation fears on the last trading day of the week, sending stocks higher despite weaker-than-expected retail sales figures

The tech-heavy Nasdaq 100 surged 1.96% at 12:15 pm ET. Moderna and Zoom led the gains as both companies soared over 5%. Meanwhile, the Dow Jones gained 288 points or 0.85%. The S&P 500 jumped 1.32% at the same time. However, all three averages were still on track to post weekly declines.

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Breaking the News / JC