Wall Street extends gains, Dow up by 600 pts

Friday, 01. October 2021 21:29

Major United States stock market indices rose further on Friday, with the Dow Jones jumping 600 points, as the sentiment among the investors improved after upbeat news regarding the economic recovery.

While the country's consumer sentiment improved more than expected in September, the investors were seemingly encouraged by Merck COVID-19 treatment trial's results, as the company's drug showed it can halve the risk of hospitalization and death among coronavirus patients.

The Dow Jones surged 1.68%, or 573 points, at 3:26 pm ET, after having rallied over 600 points minutes earlier. A minute later, the Nasdaq 100 advanced by 0.73%, or 107 points, with Marriott International skyrocketing 5.54% at 3:28 pm ET. At the same time, the S&P 500 soared 1.33%. The euro strengthened 0.13% compared to the dollar, selling for 1.15936 at 3:30 pm ET.

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Author:
Baha Breaking the News (BBN) / BU