New York Equities Conclusion: Economic data continues to fuel the rally

NEW YORK (dpa-AFX) – The Dow Jones Industrial has good economic news also driven on Friday. The other major stock indices also closed in positive territory. Positive impulses also came from the positive business figures of the investment bank Goldman Sachs .

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The US benchmark index rose 1.09 percent to 35,294.76 points after it had already risen significantly on Thursday. This moved a little closer to the record high of 35,631 points, which was reached in mid-August. On a weekly basis, there is an increase of 1.58 percent.

The S&P 500 gained 0.75 percent to 4471.37 points on Friday. For the tech-heavy Nasdaq 100 it went up by 0.63 percent to 15 146.92 points.

US retail sales data were unexpectedly strong on Friday, fueling risk appetite among Wall Street investors. In September the retail sector surprised with an increase in sales. It was already known on Thursday that the number of weekly initial jobless claims fell below 300,000 for the first time in the Corona crisis. This solidified hopes of a recovery in economic growth./la/he

Source: dpa-AFX

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