Dow closes 800 points higher on Friday, registers fourth straight week of gains
Stocks rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and a steady consumer.
The Dow Jones Industrial Average closed 828.52 points, or about 2.6%, higher at 32,861.80. The S&P 500 added nearly 2.5%, to close at 3,901.06. The Nasdaq Composite ended up about 2.9%, to close at 11,102.45.
On a weekly basis, the major indexes made notable gains. It was the fourth positive week in a row for the Dow, a first since a five-week streak ending in November 2021. The 30-stock index is up 5.7% this week in its best performance since May. It’s also on track for its best month since January 1976.
The S&P 500 and the Nasdaq are up 3.9% and 2.2%, respectively, for the week.
https://www.cnbc.com/2022/10/27/stock-market-futures-open-to-close-news.html
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