Investors sent Wall Street sharply higher after comments from the Federal Reserve indicated that the central bank may move to cut interest rate hikes after its November meeting. This is how the leading indicators ended up:
- The Dow Jones index rose 2.47 percent to 31,083.02 points.
- The Standard & Poor’s 500 Index rose 2.38 percent to 3,753.15 points.
- The Nasdaq index rose 3.21 percent to 10,859.72 points.
The yield on US 10-year government bonds fell to 4.22%, while the VIX index, also known as the Fear Index, rose 0.07% to 30.00.
Shares of the largest technology companies rose on the last trading day of the week. The owner of Facebook, Meta, Amazon, Apple, Netflix and Alphabet (the parent company of Google), also known as FAANG shares, had a good day on the stock exchange:
- Facebook shares fell 1.16 percent to 130.01 points.
- Amazon shares rose 3.53% to 119.32 points.
- Apple shares rose 2.70 percent to 147.27 points.
- Netflix rose 7.98 percent to 289.57.
- Alphabet shares rose 1.16 percent to 101.13.
Thursday evening, Snap presented its quarterly numbers and disappointment. This led to a significant drop in prices of 28.08 percent on Friday.
At the close on Wall Street, the price of oil (burning spot) rose 1.29 percent to $93.57. West Texas Intermediate crude rose 0.79 percent to $85.18 a barrel. barrel.
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