Updated .. Dow Jones post its biggest weekly gain since August

direct: US stock indexes closed Friday’s session higher as investors looked for clarity on the stimulus package, with the Dow Jones achieving its biggest weekly gain since last August.

Technology stocks rose more than 1 percent, leading the US stock market’s gains as stimulus hopes increased.

This came after the US President’s statements that negotiations between the White House and Democrats in Congress are going well.

And US Treasury Secretary Stephen Mnuchin and Nancy Pelosi, Speaker of the House of Representatives, held talks today that focused on determining whether there is any possibility of imminent agreement on a comprehensive stimulus bill.

Despite his objections to the size of the stimulus package proposed by Democrats before that, said today that he wants a larger bill than the Democrats and Republicans have proposed.

At the close, the Dow Jones Industrial Average rose 0.6 percent to 28,586 points, recording a weekly gain of 3.3 percent, the largest since last August.

Standard & Poor’s rose by 0.9 percent to 3,477 points, to achieve weekly gains of 3.8 percent.

Nasdaq rose 1.4 percent to 11,579 points, recording a weekly rise of 4.6 percent.

By 8:05 PM GMT, the main dollar index, which measures the currency’s performance against the six major currencies, was down 0.4 percent to 93.28.

These were the details of the news Updated .. Dow Jones post its biggest weekly gain since August for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Egypt’s finance minister says cutting inflation is priority
NEXT Renewable energy continues to gain momentum in Saudi Arabia, says report