US closes volatile session higher, Dow up 300 pts

Friday, 01. July 2022 22:01

Wall Street ended the final trading session of the week with gains after spending a part of the day below the flatline, possibly due to data reports demonstrating a significant slowdown in manufacturing activity and a decline in construction spending. In business news, Novavax said it expects to have the Omicron-targeting coronavirus vaccine in the fourth quarter, FTX will buy BlockFi, GM and Honda's US subsidiary warned about supply problems, while activist investors reportedly requested an SEC investigation into Tesla.

The Dow Jones Industrial Average index was up 1.05%, or 322 points, at the close with McDonald's, its best performer, rising 2.46%. The Nasdaq 100 grew 0.71% at the end of the trading session as DocuSign jumped 6.69%. The S&P 500 closed with a 1.06% gain. Etsy pulled the index up, advancing 9.02%.

The euro was 0.53% lower compared to the dollar to change hands for 1.04290 at 3:59 pm ET.

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Author:
Baha Breaking News (BBN) / MS