NEW YORK (dpa-AFX) – After an already good week on the stock market, the US stock market once again presented its strong side shortly before the weekend. The Dow Jones Industrial expanded its initial gains continuously and rose by 1.37 percent to 29,479.81 points at the end. Thanks to the price rally at the beginning of the week, the US benchmark index posted a weekly gain of a good four percent.
On Monday, the Dow had soared by almost six percent to a record high and narrowly missed the jump over the 30,000 mark. This remains the next target on the Dow’s further upward journey. The election victory of the Democrat Joe Biden in the US presidential elections, but above all the hope for a corona vaccine, had fueled stock exchanges worldwide.
The market-wide S&P 500 advanced 1.36 percent to 3585.15 points on Friday. The S&P 500 had also reached a record high at the beginning of the week. For the technology-heavy Nasdaq 100 it went up 0.94 percent to 11937.85 points. / Bek / he
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