The Dow Jones is up 73.83 points, the S&P 500 is up 10.83 points, and the Nasdaq is up 61.21 points.
Key indexes on the New York stock exchange showed moderate growth on Friday.
According to the trading platform website, the Dow Jones industrial average immediately after the session’s start rose by 73.83 points (+0.25%) to 29 946,30. The S&P 500 index, which includes shares of the 500 largest companies in the US market, rose 10.83 points (+0.30%) to 3 640,48. The NASDAQ electronic exchange index rose 61.21 points (+0.51%) to 12 155,61.
The price of January futures for WTI crude oil fell by 1.03% to $45.24 per barrel. Gold futures fell 1.57% to $ 1 782,70 a Troy ounce.
“There was optimism in the markets this week, despite the increase in the number of people infected with coronavirus in the United States and data on the state of the economy, indicating the possibility that the situation with the pandemic may affect the level of consumer confidence,” The Wall Street Journal noted, commenting on the beginning of the session. “Investors are looking forward to the coming year, betting that the [coronavirus] vaccine will limit the spread of COVID-19 and help normalize the economy.”
“The number of those who are hopeful exceeds the number of those who are realistic about the situation; they believe that the situation in the economy will recover and economic growth will begin,” the newspaper quoted Sebastien Galy, head of the macro strategy department at Nordea Asset Management. “But it’s all about the time factor: there are still serious problems caused by the spread of the coronavirus in the United States.”