Traders at the New York Stock Exchange in New York, the United States (Photo: Xinhua/ VNA) |
As of the close of trading on Friday, the S&P 500 index rose by 0.4%, marking its fourth consecutive day of gains. During the session, the S&P 500 briefly surpassed the 6,000-point mark for the first time. Over the course of the week, the S&P 500 recorded a 4.7% increase.
The blue-chip Dow Jones Industrial Average DJIA rose 0.6% to finish at 43,988.99 after crossing 44,000 for the first time earlier in the session. The Nasdaq index saw a smaller increase of 17.23 points, or 0.1%. By the end of the trading week, all three indices closed at record highs.
Investors are optimistic about the pro-business policies anticipated under the Trump administration, particularly the planned reductions in personal and corporate taxes and the loosening of business regulations, which are expected to translate into a positive outlook for the market.