A Wall Street sign is seen in New York
The New York Stock Exchange ended up on Friday at the end of a shortened session the day after Thanksgiving, driven by technology stocks and the distribution sector with the start of the end-of-year purchasing period with the “Black Friday.”
The Dow Jones index gained 0.42%, or 188.59 points, to 44,910.65 points. The broader Standard & Poor’s 500 gained 33.64 points, or 0.56% to 6,032.38 points. The Nasdaq Composite advanced 157.69 points, or 0.83% to 19,218.166 points.
The S&P-500 and the Dow Jones finished at closing records.
According to estimates from Adobe Analytics, American consumers planned to spend $10.8 billion to take advantage of online discounts this “Black Friday”, an increase of 9.9% compared to last year.
The shares of retailers Target and Macy’s ended up 1.7% and 1.8% respectively.
Applied Therapeutics drops 76% after the Food and Drug Administration (FDA) refused to approve its treatment for a rare metabolic disease.
In technology stocks, Nvidia gained 2% while Tesla gained 3.7%.
The main Wall Street indices closed lower on Wednesday in the wake of the Nasdaq and technology stocks, while the markets remained closed on Thursday due to the Thanksgiving holiday.
Markets were worried about the possibility of an overly cautious rate cut by the Federal Reserve (Fed) after particularly strong US inflation data.
Investors mostly believe that the Fed will cut rates by a quarter of a point at its December meeting but will opt for the status quo in January and March, according to the FedWatch barometer.
The Wall Street Stock Exchange had a particularly positive month of November, driven by the “Trump trade” linked to the re-election of the former president and the latest data, considered encouraging, on American inflation.
Related News :