Today’s party on Wall Street was more conservative, but it was still a party. At the end of the session, the main indicators lost some of their strength, in a natural correction after the euphoria.
The Dow Jones Industrial Average closed at 0.10% in the Friday session to 33,747.86 points. The rally at the close turned out to be unimpressive, but during the session the Dow was gaining more – after which it lost some correction strength.
The Standard & Poor’s 500 Index rose 0.92% to 3,992.93 points, marking its best week since June.
For his part, the Nasdaq Technology Index jumped 1.88% to settle at 11,323.33 points.
Major indices across the Atlantic extended their gains yesterday, boosted by lower-than-expected US inflation data for October.
With this scenario, investors believe that the Federal Reserve may begin to slow the pace of interest rate hikes, which has increased appetite for risky assets such as stocks, and lowered the dollar and interest rates on sovereign debt.
In light of the possibility of lower interest rates from the central bank, the technology sector – saddled with debt while interest rates were at very low levels – was one of the most well-known sectors of the stock market.
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.