Major US stock indices closed Friday’s trading with gains. Wall Street it rose on the back of market-leading growth stocks, which pushed prices up despite negative US economic data released during the week.
The market benchmark index, the S&P 500, made up of the 500 strongest issuers in the market, gained 0.72% and ended at 4,682.85 units. The Dow Jones, made up of the stocks of 30 industrial giants, rose 0.50% to 36,100.31 points. The technological Nasdaq rose 1% to 15,860.96 units.
However, despite their advance, the three main US stock indices ended the session below the close of last Friday, ending a five-week streak of advances. The S&P 500 lost -0.31%; the Dow Jones fell -0.63%, and the Nasdaq fell -0.69 percent.
On Friday, investors opted for growth to the detriment of value, with large-cap technology stocks, led by Microsoft Corp and Apple Inc, leading the way. This occurred on a day when a weak data on consumer confidence was released.
Preliminary data from the University of Michigan on consumer sentiment in November fell to a 10-year low, and the Labor Department reported that job openings barely moved from all-time highs, despite a record of workers quitting.