US stocks rally after strong tech results
The Peninsula
New York: Wall Street stocks finished solidly higher Friday, concluding a rollercoaster week on a positive note following strong results from Google a...
New York: Wall Street stocks finished solidly higher Friday, concluding a rollercoaster week on a positive note following strong results from Google and Microsoft.
Both tech giants emphasized significant investments in artificial intelligence, cheering the market and helping to offset another disappointing US inflation reading.
The Dow Jones Industrial Average finished up 0.4 percent at 38,239.66.
The broad-based S&P 500 advanced 1.0 percent to 5,099.96, while the tech-rich Nasdaq Composite Index jumped 2.0 percent to 15,927.90.
Friday's gains pushed all three major indices into positive territory for the week.
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