Trading results
US stock market rallied on Friday but ended the week in the red.
The Dow Jones Industrial Average index rose 360.68 points (1.06%) to 34382.13 points.
The Standard Poor's 500 rose 61.35 points (1.49%) to 4173.85 points.
The Nasdaq Composite added 304.99 points (2.32%) to 13429.98.
The Dow Jones lost 1.1% last week and the S&P 500 lost 1.4%. The Nasdaq fell 2.3% on a sell-off in technology stocks.
US retail sales in April were unchanged compared with the previous month, the country's Commerce Department said.
US industrial production rose 0.7% in April from the previous month, the US Federal Reserve (Fed) said in a report.
The US consumer confidence index fell to 82.8 points in May from 88.3 points a month earlier.
Shares of technology companies rose markedly on Friday, with Facebook Inc (NASDAQ:FB). (+3.5%), Apple Inc. (NASDAQ:AAPL) (+2%), Alphabet (NASDAQ:GOOGL) Inc. (+2,2%).
Farfetch Ltd. gained 12.5%. The online retailer posted an after-tax profit of $516.7 million in the first quarter, compared with a loss of $79.2 million a year earlier.
Coinbase Global Inc. shares were down 2.5 percent.
Airbnb Inc (NASDAQ:ABNB). shares gained 4% despite the company's results last quarter. The home booking service posted a net loss of $1.17 billion, or $1.95 per share, in the first quarter, compared to a loss of $341 million, or $1.3 per share, in the same period a year earlier.
Shares of Walt Disney Co (NYSE:DIS). were down 2.6%. The world's largest entertainment and media company nearly doubled its net profit in the second quarter of fiscal 2021. However, the growth in subscribers to its streaming service Disney+ did not meet analysts' expectations.
