NEW YORK (Reuters) – The New York Stock Exchange recorded a further rise on Friday, as investors worried about an escalation in Ukraine regained momentum after the publication of an indicator testifying to the solidity of the world’s largest economy.
The flash composite PMI rose to a 31-month high in November, boosted by hopes of lower interest rates and more business-friendly policies from President-elect Donald’s administration Trump next year.
The Dow Jones index gained 0.97%, or 426.16 points, to 44,296.51 points. The broader Standard & Poor’s 500 gained 20.63 points, or 0.35% to 5,969.34 points. The Nasdaq Composite advanced 31.23 points, or 0.16%, to 19,003.651 points.
Over the week, all three indices ended in the green, with investors also counting on Donald Trump’s program of tax cuts and deregulation to stimulate the American economy.
In terms of values, Gap gained 12.84% after raising its annual sales forecasts on Thursday and welcoming a good start to the festive season.
(Abigail Summerville in New York, Tangi Salaün)
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