Business World

Sunday 11 December 2016

Stock market ends week on a high

Published 18/03/2016 | 21:45

The Standard and Poor's 500 index closed up for the year for the first time on Friday. (AP)
The Standard and Poor's 500 index closed up for the year for the first time on Friday. (AP)

The US market's recovery from a dismal start to the year extended to a fifth week after yet another strong gain.

  • Go To

The Standard and Poor's 500 index closed up for the year for the first time on Friday. The Dow Jones industrial average turned positive on Thursday. Both had been down more than 10% for the year a little more than a month ago.

On Friday, heath care stocks and banks, which have been particularly hard hit this year, rose the most.

The Dow rose 120 points, or 0.7%, to 17,602. The S&P 500 rose 8 points, or 0.4%, to 2,049. The Nasdaq composite rose 20 points, or 1%, to 4,795.

Press Association

Read More

Promoted articles

Editors Choice

Also in Business