Dow Rises Sharply in Hopes of Winning Week
November 25,2022 10:31 am EST
The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week.
The 30-stock index hiked 126.95 points to begin Friday at 34,321.01
The S&P 500 nosed up 3.93 points to 4,031.19.
The NASDAQ fell 32.1 points to 11,253.22, weighed down by shares of Activision Blizzard, which fell nearly 4% on news that the FTC could block Microsoft from taking over the gaming company.
Worries about continued lockdowns in China kept markets in check. The country is ramping up COVID restrictions after seeing climbing case counts in recent days. Earlier in the week, China reported its first COVID deaths since May.
Wall Street looks set to close out an upbeat holiday-shortened week, after the Federal Reserve''s latest meeting minutes add
Markets were closed on Thursday for the Thanksgiving holiday and will close early (about 1 p.m. EST) on Friday.
Prices for the 10-year Treasury lost ground, raising yields to 3.73% from Wednesday''s 3.70%. Treasury prices and yields move in opposite directions.
Oil prices picked up 29 cents to $78.23 U.S. a barrel.
Gold prices grew $3.90 to $1,749.50 U.S. an ounce.