“Dow Jones” extends its gains and returns to closing above 35 thousand points

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"Dow Jones" Expands its gains and re-closes above 35 thousand points

US stock indices rose during trading on Friday, supported by the technology sector and follow-up companies’ business results.

Among the companies that announced their quarterly results recently, “Twitter” and “Intel Corp.”
This, and efforts continue around the world to control the Corona virus, especially with the emergence of signs of an increase in the frequency of infections again.

It is worth noting that the World Health Organization recently warned of an increase in cases of the Corona virus in the United States, Europe and Asia as a result of the outbreak of the Delta strain, which raised fears once again that the pandemic would spread out of control.

In the oil market, US “NYMEX” crude futures for August delivery rose 0.2%, or 16 cents, and crude closed at $72.07 a barrel, achieving a weekly gain of 0.4%, and recorded the highest price at 72.1 dollars and the lowest price at 71.3 dollars.

Brent futures for September delivery rose 0.4%, or 31 cents, and closed at $74.10 a barrel, achieving a weekly gain of 0.7%, recording the highest price at $74.1 and the lowest price at $73.3.

At the conclusion of trading, the “Dow Jones” index rose 0.7% (equivalent to 238 points) to 35061 points, and recorded weekly gains of 1.1%, and reached the highest level at 35095 points and the lowest level at 34855 points.

The “S&P 500” rose by 1% (equivalent to 44 points) to 4411 points, and recorded weekly gains of 2%, and reached the highest level at 4415 points and the lowest level at 4381 points.

The “Nasdaq” rose by 1% (equivalent to 152 points) to 14,836 points, and the index recorded weekly gains of 2.8%, and reached the highest level at 14,846 points and the lowest level at 14,698 points.







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