Xinhua News Agency
NEW YORK – U.S. stocks rose on Friday, Jan. 28, bolstered by a marked rebound in tech shares.
The Dow Jones Industrial Average jumped 564.69 points, or 1.65%, to 34,725.47. The S&P 500 added 105.34 points, or 2.43%, to 4,431.85. The Nasdaq Composite Index climbed 417.79 points, or 3.13%, to 13,770.57.
Ten of the 11 primary S&P 500 sectors ended in the green, with technology and real estate up 4.33% and 3.38%, respectively, leading the gains. Energy slipped 0.6%, the lone declining group.
Apple shares surged nearly 7% after the company reported earnings and revenue that easily beat expectations for the December-ended quarter.
Shares of other mega tech names, including Microsoft, Meta Platforms, Amazon, and Google-parent Alphabet, all closed higher.
U.S.-listed Chinese companies traded mostly higher on Friday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
U.S. equities have experienced wild moves recently as a more hawkish Federal Reserve unnerved investors.
The U.S. central bank on Wednesday (Jan. 26) said that it would soon be appropriate to raise its benchmark interest rate amid surging inflation. (Xinhua) – bny
