- The major Wall Street indices posted strong gains on Friday.
- Retail sales in the US were unchanged in April.
- All major sectors of the S&P 500 are operating in positive territory.
After the strong rebound on Thursday, the main stock indices They started the last day of the week with a strong rise. At time of writing, the Dow Jones Industrial Average was up 0.6% on the day at 34,230, the S&P 500 Index was up 0.83% at 4,145, and the Nasdaq Composite was gaining 1% at 13,237.
All major sectors of the S&P 500 are trading in positive territory after the opening bell. The Energy Index has risen almost 2% due to the increase in crude prices. The Risk Sensitive Technology Index is up 1% as the second best performer. On the other hand, the defensive housing index is only up 0.4%.
Hours earlier, US data showed that retail sales in April were unchanged, compared with analysts’ estimate of a 1% increase. In addition, the Federal Reserve of the United States reported that Industrial Production expanded by 0.7%. However, these figures did not provoke a notable reaction in the market.
S&P 500 chart (daily)
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