US closes higher despite inflation concerns

Friday, 09. September 2022 22:01

Major stocks on Wall Street closed higher on Friday, following a day of trading in the green zone, despite inflation woes and talks about possible recession that has been on agenda not only in the US but throughout Europe as well. During the day, United States President Joe Biden emphasized CHIPS Act's importance for the nation, as Intel opens its factory in Ohio.

The Dow Jones Industrial Average went up by 1.19% or over 350 points at 4:00 pm ET, with its best performer Salesforce Inc adding 3.63%. The Nasdaq 100 advanced by 2.17% at the same time, as Zscaler increased by 21.88%. The S&P 500 rose by 1.53%, while DISH Network Corp moved up by 8.60%.

The euro traded 0.48% higher against the dollar at 4:00 pm ET to sell for $1.00449.

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Author:
Baha Breaking News (BBN) / MM