Sunday 20 March 2016

Positive mood on Wall Street


The leading indices on Wall Street finished the last session for the week with gains. Dow Jones and S&P 500 improved their performance from Thursday and closed the week with new highest levels for 2016. 

The blue chip index ended sixth consecutive session of gains, which is the longest positive run from October 2015 onwards.
During the Friday session, Fed’s meeting outcome dragged the positive tunes out into the light and rocked the beat on stock markets. Dow Jones increased with 113 points or 0.69% to 17 602.3 points, S&P 500 rose with 0.44% to 2 049.56 points.
Nasdaq was stuck for a while within the negative field, after the declines of Microsoft and Amazon. Microsoft shares closed the session with a price of $53.49 a share or a decrease of 2.14%. For Amazon the decrease was within 1.32% to $552.08 a share.
The best supporter to the technological index, however, it turned out Adobe, with shares increase of 3.85% to $93.42, after the release of better than expected financial results for the fourth quarter. For a short company's shares walked on the street of dreams with the historic high of $98 a share.
So Nasdaq ended the session with a growth of 0.43% to 4 795.65 points.

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