By Francisco Rodriguez-Castro on September 25, 2020
SAN JUAN – US stocks rose Friday, led by tech shares again, which recovered some from their significant September drops.
This week marks the fourth straight weekly decline for both the Dow and S&P 500, their longest slides since August 2019.
Nasdaq posted its first weekly gain in four weeks, closing at 1.1% over the same period. Indicators point to the economic recovery in the United States as losing momentum while the uncertainty of additional fiscal stimulus continues.
On to markets.
- The Dow Jones Industrial Average closed at 27,173.96, up 358.52 points, or 1.34%.
- The Standard & Poor’s 500 Index closed at 3,298.46, up 51.87 points, or 1.6%.
- The NASDAQ Composite Index closed at 10,913.56, up 241.30 points, or 2.26%.
- The Birling Capital Puerto Rico Stock Index closed at 1,456.48, down 3.15 points, or 0.22%.
- The US Treasury 10-year note closed at 0.66%.
- The US Treasury 2-year note closed flat, at 0.14%