Wall Street closes higher as data eases inflation fears
Reuters
Published May 04, 2018 04:05PM ET
Wall Street closes higher as data eases inflation fears
NEW YORK (Reuters) - The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week.
The Dow Jones Industrial Average (DJI) rose 332.36 points, or 1.39 percent, to 24,262.51, the S&P 500 (SPX) gained 33.71 points, or 1.28 percent, to 2,663.44 and the Nasdaq Composite (IXIC) added 121.47 points, or 1.71 percent, to 7,209.62.
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Written By: Reuters
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