NEW YORK (dpa-AFX) – After a very weak week on the stock exchange until Thursday, US stocks managed to stabilize on Friday. Statements by US Federal Reserve Chairman Jerome Powell on the course of interest rate hikes calmed investors a little. The leading index Dow Jones Industrial closed with an increase of 1.47 percent to 32,196.66 points. On a weekly basis, however, there is a loss of a good two percent. The day before, the Dow had fallen to its lowest level since March last year.
For the market-wide S&P 500 it went up 2.39 percent to 4023.89 points on the last trading day of the week. The price gains on the Nasdaq stock exchange, which is dominated by technology companies, were even greater. The Nasdaq 100 recovered by 3.70 percent to 12,387.40 points. But here, too, the weekly losses added up to almost two and a half percent./bek/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0351 2022-05-13/22:16
Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
–
