US stock indices rose in Friday trading
US stock indices rose in Fri...
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US stock indices rose in Friday trading

17 May 2021
1 min.
US stock indices rose in Friday trading

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.

Companies11 in the news



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