Amid strong results from some major companies
The main indices on Wall Street closed higher on Friday, after the strong results of “Exxon” and “Intel” erased the impact of fears raised by Amazon’s warning of a slowdown, while economic data reinforced expectations that the Federal Reserve (the US central bank) would raise interest. next week.
Exxon Mobil shares hit an all-time high after the oil company made record profits in the first quarter, according to Reuters.
The Standard & Poor’s 500 index rose by 34.71 points, or 0.83%, to close at 4,170.06 points, while it rose by 0.9% during the week, and the index recorded gains of 1.5% in April.
The “Nasdaq” composite index increased 84.35 points, or 0.70%, to 12226.58 points. The index recorded a weekly increase of 1.3%, but it decreased slightly by 0.04% in April.
The Dow Jones Industrial Average rose 275.36 points, or 0.81%, to 34,101.52, with a weekly gain of 0.9%.
And the “Dow Jones” recorded a monthly increase of 2.5% during April, in the highest monthly gain since last January.
2023-04-29 07:21:02
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