Dow rises about 1% as US business activity hits four-year high

U.S. major stock indexes closed higher Friday, supported by robust economic data showing the fastest expansion in U.S. business activity in more than four years. The Dow Jones Industrial Average gained about 1%, while the Nasdaq ended a five-session losing streak. Despite the rebound, U.S. stocks recorded weekly declines as investors remained uneasy about fluctuations in Treasury yields and the lack of clarity surrounding the Middle East situation.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.