The three major U.S. stock indexes closed higher on the 16th, the Dow and the S. and P. 500 hit new closing highs
U.S. stocks continued to surge Friday as sentiment continued to be affected by upbeat U.S. economic data and a strong rebound in China’s economy, with all three major indexes closing higher. After closing at an all-time high of 34,000 in the previous session, the Dow continued to rise more than 160 points on Friday, while the Standard and Poor’s 500 index closed up 0.36 percent, setting new record highs. Leading technology stocks fell in the session, dragging the Na index down in the session, the end of the reversal of the decline, and finally edged up 0.1%
All three major U.S. stock indexes rose more than 1 percent in the week, with the Dow and the Standard and Spratly 500 rising for the fourth straight week
All three major U.S. stock indexes rose more than 1 percent this week, with the Dow and the Standard and Poor’s 500 index rising for the fourth straight week and the Nasdar index rising for three straight weeks. As of this week, the S. and P. 500 has gained more than 11 percent this year.
Morgan Stanley’s first-quarter revenue beat expectations And the fund lost more than $900 million
Morgan Stanley reported better-than-expected first-quarter earnings ahead of Friday’s U.S. trading session, up 61 percent from a year earlier. But Morgan Stanley’s shares ended down 2.8 per cent after losing more than $900m ($5.87bn) in last month’s Archegos fund crash.
Europe’s main stock indexes on the 16th collective closing up the auto sector rose more than 2% leading
Europe’s three biggest stock indexes closed higher for a second straight day on Friday, with German stocks closing up nearly 1.5 per cent, a record closing high and the seventh straight week of gains. British and French stocks closed up less than 1 per cent. The pan-European Stoxx 600 index hit another record high on Friday, rising for the seventh week in a row, its longest winning streak since May 2018. Daimler, the parent company of Mercedes-Benz, closed up nearly 3 percent after it reported better-than-expected first-quarter results, pushing the auto sector up more than 2 percent to the lead.
International crude oil prices fell on the 16th, the weekly increase of more than 6%
Crude oil futures fell for the first time this week on Friday, but not by much, with New York light crude WTI for May delivery and Brent for June delivery remaining above $63 and $66. Both crude oil futures rose more than 6 percent this week on the back of better U.S. economic data and higher oil demand.
International gold prices rose on the 16th, up 2% in the week
Gold prices continued to rise on Friday, closing at near seven-week highs. Gold for June delivery closed up 0.76 per cent above $1,780 an ounce. U.S. bond yields fell this week, with gold up about 2 percent, its best weekly performance since December.