Indices in this article
NEW YORK (dpa-AFX) – The most important US stock indices ended a turbulent week with a clear daily gain. The Dow Jones Industrial (Dow Jones 30 Industrial) rose 1.06 percent to 34,382.13 points on Friday. At the beginning of the week, the most important Wall Street barometer climbed above the 35,000 mark for the first time, and then fell well below 34,000 points in the middle of the week under the impression of high inflation. A countermovement began on Thursday. On a weekly basis, the Dow was down around one percent.
The market-wide S&P 500 gained 1.49 percent on Friday to 4173.85 points. The technology-heavy NASDAQ 100 rose 2.17 percent to 13,393.12 points. Once again, members of the US Federal Reserve (Fed) reassured investors with statements that the price increases triggered by the economic upswing were only temporary. Some of the raw materials, which had recently risen sharply in price, now went downhill – that, too, left the fear of a sharper one Monetary policy to reduce inflation somewhat./he/zb