US Market: Three Major Indexes End Higher

IconCrypto News Terminal23 Apr, 2024

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US Market: Three Major Indexes End Higher

The three major US stock indexes closed higher on Friday, continuing the positive trend from earlier in the week. The S&P 500 gained 1.20%, the Nasdaq Composite rose 1.59%, and the Dow Jones Industrial Average advanced 0.69%. The gains were broad-based, with all 11 sectors of the S&P 500 finishing in positive territory. Technology stocks were among the best performers, with the Nasdaq Composite outperforming the other two indexes. The positive close comes after a volatile week for the US markets. Stocks have been under pressure in recent weeks due to concerns about the Federal Reserve's plans to raise interest rates. However, the positive close on Friday suggests that investors are becoming more optimistic about the economy. Previously on April 23, 2024, the three major US stock indexes closed higher on Friday. The S&P 500 gained 1.20%, the Nasdaq Composite rose 1.59%, and the Dow Jones Industrial Average advanced 0.69%.

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