Home / Market Update / Global Stock Market / Wall Street Finish at New Record Highs

Wall Street Finish at New Record Highs

Wall Street continued to break new record highs, with two of the main indices on the New York Stock Exchange (NYSE) finishing Friday at new all-time highs after data showed a huge surge in U.S. employment during July.

Data provided support for expectations of a strong economic recovery and an improvement in the labor market conditions.

The Dow Jones Industrial Average increased by 144.26 points, or 0.4%, to finish at a record 35,208.51 points, adding 0.8% for the week.

The S&P 500 index closed higher by 7.42 points, or 0.2%, at a record 4,436.52 points, extending its weekly rise to 0.9%.

Meanwhile, the Nasdaq Composite Index leveled down by 59.36 points, or 0.4%, to 14,835.76 points, narrowing the weekly increase to 1.1%.

Check Also

Will Trump and Powell be on a collision course?

President Donald Trump could be considering his own favourite pick for the position of Federal …