US closes higher, finishes week with new record highs

Friday, 12. February 2021 22:00

Shares on the major stock market indexes in the United States ended the trading session with gains on Friday, with the Dow Jones Industrial Average, the Nasdaq 100, and the S&P 500 setting new record highs.

Despite a drop in the consumer confidence registered in February, the traders' hopes that economic stimulus might come soon, fueled by US Treasury Secretary Janet Yellen's advice to other members of the Group of Seven, helped the major benchmarks wrap up the week's final trading bout above the flatline.

The Dow Jones gained 0.09% as the session came to a close as Intel lead the gains with a 1.9% rise. The Nasdaq 100 jumped 0.53% at the closing bell with Illumina surging 11.87%. At the same time, the S&P 500 increased by 0.47%. The euro declined by 0.11% versus the dollar, selling for 1.21190 at 3:59 pm ET.

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Breaking the News / BU