December 17, 2017
Friday, May 1, 2015

Wall St ends up sharply as investors buy beaten-down shares

US stocks bounced back sharply today as investors snapped up beaten-down shares in the healthcare and technology sectors, and as data gave further signs of a pickup in the economy.

Apple provided the biggest boost to the major indexes, jumping 3 percent to $128.95 in its biggest daily percentage gain since January. The stock lost 2.7 percent on Thursday.

The Nasdaq snapped a four-day losing streak while the S&P tech sector gained 1.5 percent, among the day's best-performing sectors. Investors were also buoyed by an encouraging batch of data for April that suggested the US economy was pulling out of a first-quarter soft patch.

Indexes posted losses for the week, however, with social media shares among the weakest performers following disappointing outlooks and results this week from several key players including Twitter.

The Dow Jones industrial average rose 183.54 points, or 1.03 percent, to 18,024.06, the S&P 500 gained 22.78 points, or 1.09 percent, to 2,108.29 and the Nasdaq Composite added 63.97 points, or 1.29 percent, to 5,005.39.

Meanwhile, all major European markets except London, its biggest, were closed today for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched higher on a surge in the shares of Lloyds bank and mining companies.

The FTSE 100 index of top British shares closed up 0.36 percent at 6,985.95 points.

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Tags:  US  stock market  Europe  Nikkei  

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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia