Standard & Poor’s and Dow Jones are at record heights


The three major US stock indices closed on Friday with a daily and weekly increase, while the S&P 500 and Dow indexes broke their record levels at the close, as investors considered strong economic data and gains for the banking sector as indicators of the momentum of recovery from the pandemic in the United States.
The Standard & Poor’s 500 and the Dow Jones Industrial Average of the blue-chip stocks recorded their fourth consecutive weekly gain, while the Nasdaq, which is a heavyweight technology stocks, closed at less than their highest levels on February 12th by less than a percentage point.
According to unofficial data, the Dow Jones Industrial Average rose 159.31 points, equivalent to 0.47 percent, to 34,195.3 points, and the Standard & Poor’s Index closed up 14.39 points, or 0.35 percent, to 4,184.81 points, and the Nasdaq Composite Index increased 11.07 percent, or 0.08 percent, to 14049.84 points.


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