Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 21/04/2021 14:31 
06.03.2021 01:27 News >> US Stocks Close Higher, Nasdaq Posts Major Recovery

US Stocks Close Higher, Nasdaq Posts Major Recovery

Tech heavy index manages big comeback to close with 1.55% gain, but down 2.1% for week.

Major indexes in the US stock market closed higher Friday, while the Nasdaq posted its largest intraday recovery in a year.
After opening at 12,863 points, the tech-heavy index fell 3.6% to 12,398 but managed a comeback in the last trading day of the week to close at 12,920 -- a 1.55% gain. But it was off 2.1% for the week.
Shares of pharmaceutical firm Novavax jumped 10.6% and Google's parent firm company, Alphabet, gained 3%, propelling the index.
The Dow Jones closed at 31,496 with a 1.85% daily gain, and a 1.8% weekly increase, while the S&P 500 finished up 1.95% to end at 3,841 -- a 0.8% gain for the week.
The VIX volatility index, also known as the fear index, sank 13.7% to 24.66 as investors' risk appetite has increased.
The 10-year US Treasury yield posted its fifth consecutive weekly gain, rising another 1% to 1.566% -- its highest level in more than a year.
While Bitcoin recovered 1% to climb above the $49,000 mark, other cryptocurrencies also made a comeback.
Crude prices jumped after OPEC and its allies, known as OPEC+, agreed Thursday to continue production cuts in April, except for Russia and Kazakhstan, with Saudi Arabia extending voluntary cuts.
The price of Brent crude was up 4.3% to $69.6 per barrel after the final bell, while West Texas Intermediate was at $66.3 -- a 3.8% increase.
ConocoPhillips and Chevron saw shares jump 4.9% and 4.2%, respectively and ExxonMobil gained more than 3.7%.
The US Senate started debate on Friday on President Joe Biden's $1.9 trillion relief plan, which cleared the House of Representatives last week. -



        Latest News
EU Employment Rate Down In 2020 7 minutes ago...
Employment rate for ages 20 64 declines to 72.4%, down 0.7 percentage points on annual basis, says Eurostat.
7 FETO Terror Suspects Nabbed In Central Turkey 7 minutes ago...
Terror group orchestrated defeated coup of July 15, 2016.
Istanbul Airport Set To Become Busiest Hub In Europe 22 minutes ago...
Turkey's new mega airport will have capacity to process 200M passengers in a few years, according to aviation expert.
Gunmen Abduct University Students In Northern Nigeria 22 minutes ago...
Incident is 1st major attack that bandits launch on communities around Kaduna Abuja since 300 female soldiers were deployed.
12 More Azerbaijani War Veterans In Turkey For Care 22 minutes ago...
Number of Azerbaijani war veterans to have received medical treatment in Turkey now at 63.

 
      Top News
Malaria Vaccine Reaches 650,000 Children In Africa Malaria Vaccine Reaches 650,000 Children In Africa
Russia Expels 2 Bulgarian Diplomats In Retaliatory Move Russia Expels 2 Bulgarian Diplomats In Retaliatory Move
Palestine Gets 72,000 Doses Of COVID-19 Vaccine Palestine Gets 72,000 Doses Of COVID-19 Vaccine
South Africa: Elephants Trample Poacher To Death South Africa: Elephants Trample Poacher To Death
Kenyans Suffer As Hospitals Face Acute Oxygen Shortage Kenyans Suffer As Hospitals Face Acute Oxygen Shortage
EU Sees Progress In Iran Nuclear Talks EU Sees Progress In Iran Nuclear Talks
Turkey Enters New Phase Of COVID-19 Vaccination Turkey Enters New Phase Of COVID-19 Vaccination
Philippines Resumes Use Of Astrazeneca Vaccine Philippines Resumes Use Of Astrazeneca Vaccine
Myanmar Junta Orders Removal Of Protesters' Monuments Myanmar Junta Orders Removal Of Protesters' Monuments
2,000-Year-Old Roman Street Discovered In Turkey 2,000-Year-Old Roman Street Discovered In Turkey