U.S. Stocks Finish Volatile Session Mostly Higher

(RTTNews) - Stocks saw considerable volatility during trading on Friday after coming under pressure early in the session. The major averages bounced back and forth across the unchanged line before eventually closing in positive territory.

After slumping by more than 270 points in early trading, the Dow rose 60.08 points or 0.3 percent to 23,685.42. The Nasdaq advanced 70.84 points or 0.8 percent to 9,014.56 and the S&P 500 climbed 11.20 points or 0.4 percent to 2,863.70.

Despite turning positive for two straight sessions, the Dow posted notable losses for the week. The Dow plunged by 2.7 percent, the S&P 500 tumbled by 2.3 percent and the Nasdaq slumped by 1.2 percent.

The higher close on Wall Street came as traders shrugged off the release of some dismal U.S. economic data, including reports showing record decreases in retail sales and industrial production in the month of April.

The Commerce Department said retail sales cratered by 16.4 percent in April after tumbling by a revised 8.3 percent in March.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Апрель 2021    »