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S&P 500, Nasdaq End at Records After Powell Speech


Saturday, 25 August 2018 03:14 WIB

DOW JONESS & P 500Indeks NasdaqSaham AS


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U.S. stocks rose Friday, with the S&P 500 and Nasdaq Composite ending in record territory after Federal Reserve Chairman Jerome Powell delivered a speech that struck a balanced tone on the outlook for monetary policy and underlined the strength of the U.S. economy.

The S&P 500 rose 0.6% to end around 2,874.69, according to preliminary figures, surpassing the previous record close of 2,872.87 set in January. The Nasdaq Composite rose 0.9% to finish near 7,945.98, marking its first record close since July 25. The Dow Jones Industrial Average ended with a gain of around 133 points, or 0.5%, near 24,790.

For the week, the S&P rose 0.9%, while the Dow gained 0.5% and the Nasdaq jumped 1.7%.

Source : Market Watch


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