US Stocks End Higher; Nasdaq Soars 3.33%

28.05.2022 00:42

High consumer expenditures signal for strong demand, despite inflation.

US stocks ended with gains this week following signals that price increases could be slowing.

Personal incomes increased by 0.4% in April, while consumer expenditures rose by 0.9%, both exceeding expectations.

The rise in expenditures showed that consumption remained strong despite rising prices, and spending could support economic growth.

The blue-chip Dow Jones Industrial Average ended up 1.76%, or 575.77 points, at 33,212.96.

The S&P 500 rose 100.40 points, or 2.47%, to close at 4,158.24 points.

Meanwhile, tech-heavy Nasdaq increased 390.48 points, or 3.33%, to reach 12,131.13.

Major stock exchanges in Asia and Europe also finished the week on the positive side, while Turkiye's benchmark stock index was down at Friday's close. -

In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '