Arab Today, arab today us stocks rise for fourth consecutive week
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

US Stocks Rise for Fourth Consecutive Week

Arab Today, arab today

Arab Today, arab today US Stocks Rise for Fourth Consecutive Week

US Stocks Rise for Fourth Consecutive Week
New York - QNA

New York, March 12 (QNA) - US stocks closed sharply higher Friday as oil prices rose and investors took a more positive view of Thursday's European Central Bank announcements on stimulus.

 The major US averages rallied more than 1 percent to swing into positive territory for the week, their fourth-straight week of gains since November. The Dow Jones Industrial Average rose 218.18 points, or 1.3%, to 17213.31. 

    The S&P 500 added 32.62 points, or 1.6%, to 2022.19, the highest close since December 31 for both indexes. The Nasdaq Composite gained 86.31, or 1.9%, to 4748.47. 

    Shares in Europe also rallied a day after the European Central Bank unveiled a new batch of stimulus measures. The Stoxx Europe 600 rose 2.6%. Meanwhile, stocks in Asia gained slightly Friday. Japan’s Nikkei Stock Average gained 0.5%, and China’s Shanghai Composite Index ended 0.2% higher.

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