October 1, 2022

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Wall Street ended the week with a significant gain

Wall Street ended the week with a significant gain

Stock market optimism has been in the air in the US market lately and the Nasdaq is up 15.77 percent in one month. At 10:00 PM Norwegian time closing time, this is what Wall Street’s leading indexes look like:

  • The broad S&P 500 index rose 1.73 percent.
  • The Dow Jones Industrial Average rose 1.27 percent.
  • The Nasdaq Technology Index rose 2.09 percent.

With a 3.25 percent gain this week, the S&P 500 has risen for four consecutive weeks, and is now heading for its longest weekly rising streak since November 2021.

The spot price of Brent crude oil, circulating on Friday evening, reached $98 a barrel, down 1.33 percent from Thursday.

Wall Street flipped yesterday

Yesterday’s trading day started with a strong rally, but it was reversed in the middle and several indicators ended in the red.

When the stock market closed at 10 p.m., the leading indexes on Wall Street closed as follows:

  • The broad S&P 500 index fell 0.07 percent.
  • The Dow Jones Industrial Average rose 0.08 percent.
  • The Nasdaq Technology Index fell 0.58 percent.

Among the companies contributing to the decline in the Nasdaq was technology and electric vehicle company Tesla, which ended the trading day down 2.62 percent.

Figures arriving on Wednesday showed that the price increase in the US for July was less than expected. Since June’s historical high of 9.1 percent, the price increase has slowed by 0.6 percent in July. This led to strong optimism on Wall Street on Wednesday.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using links that lead directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.

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