US Stock Indexes Advance to New Records
US stock indexes
New York - QNA
Major US stock indexes ended the week at fresh records, buoyed by corporate earnings and the prospect of tax cuts. The Dow Jones Industrial Average increased 96.97 points, or 0.48%, to 20,269.37. The S&P 500 added 8.23 points, or 0.36%, to 2,316.10.
The Nasdaq Composite Index was up 18.95 points, or 0.33%, to 5,734.13. For the week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq going up 1.0%, 0.8% and 1.2%, respectively.
On the economic front, US import prices advanced 0.4% in January, following a 0.5% increase in December, according to the US Labor Department. US export prices increased 0.1%in January, after rising 0.4% the previous month.
Overseas, European equities increased broadly Friday amid earnings reports. German benchmark DAX index at Frankfurt Stock Exchange inched up 0.21%, while British benchmark FTSE 100 Index climbed 0.40%. In Asia, Tokyo stocks surged Friday, with the benchmark Nikkei index advancing 2.49%.
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