Market on Friday: Nasdaq adds 1.9%. New York News. New York Business portal

12 November 2022

3568

2 min.

Stock market at the end of the week

The US stock market ended Friday's trading higher, as sectors such as oil, gas, consumer services and technology strengthened.

At the close of trading on the New York Stock Exchange the Dow Jones rose 0.10% to a one-month high, the S&P 500 rose 0.92% and the Nasdaq Composite gained 1.88%.

Tech stocks shook off the decline in cryptocurrencies on Friday. Virtual currencies collapsed sharply this week and came under pressure again this Friday after FTX filed for bankruptcy protection and Chief Executive Officer Sam Bankman-Fried of FTX resigned. Bitcoin and ether declined.

It is also worth noting that Tech stocks and related crypto stocks recovered after opening this Friday. The tech sector in the S&P 500 is up 10% through Friday, its best weekly performance since April 2020. Amazon (NASDAQ: AMZN) was up more than 4% on Friday, while Google (NASDAQ: GOOGL) was 2.6% higher.

Thus, shares of Walgreens Boots Alliance (NASDAQ: WBA) gained 7.20% to close at 41.26. Nike (NYSE: NKE) gained 6.63 percent to close at 106.09. Dow Inc (NYSE: DOW) gained 6.37% to close at 53.14.

UnitedHealth Group (NYSE: UNH) shares fell 4.06% to close the session at 522.08. Shares of Merck (NYSE: MRK) were up 3.86% to close at 97.96. Johnson and Johnson (NYSE: JNJ) shares declined 2.99% to close at 169.25.

Align Technology (NASDAQ: ALGN) shares gained 11.45% to close at 218.98. Shares of VF Corporation (NYSE: VFC) gained 11.39% to close the session at 33.34.

Northrop Grumman (NYSE: NOC) shares were down 7.32% to close at 492.70. Cigna (NYSE: CI) was down 6.04% to 303.82.

Exela Technologies (NASDAQ: XELA) shares gained 50.27% to close at 0.28.

Shares of PLx Pharma (NASDAQ: PLXP) were down 37.50% to close at 0.38.

On the New York Stock Exchange, the number of gainers (2,041) exceeded the number of losers (1,057), while 101 stocks were virtually unchanged. On the Nasdaq, 2,456 stocks gained, 1,302 declined and 217 remained flat at the previous close.

The CBOE Volatility Index fell 4.33% to 22.51, hitting a new monthly low.

Persons¹ and Companies¹⁶ in the news

BANKMAN-FRIED Samuel

Founder of FTX

1 place

PLx Pharma

1 place

Exela Technologies

2 place

Align Technology

3 place

VF Corporation

4 place

Walgreens Boots Alliance

5 place

Nike, Inc.

6 place

Nasdaq

7 place

Dow Jones

8 place

Dow Inc.

9 place

UnitedHealth Group

10 place

Merck

11 place

Johnson & Johnson

12 place

Google (Alphabet Inc)

13 place

Amazon

14 place

Northrop Grumman

15 place

Cigna

16 place

Tags:

Section:

Source foto:

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.

GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.

The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.

New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!

Alena Potapova

Development Director