Around the World's Markets: New York
US STOCKS closed one of their best weeks of the year, recouping all of last week's losses and then some. Software shares led the gains, after Adobe Systems reported a surge in earnings.
"Investors are confident that the economy is growing, yet interest rates aren't going to surge," said one analyst. The Nasdaq climbed 19.25, or 0.8 per cent, to 2,563.40, finishing the week with a 4.7 per cent gain. The Dow Jones rose 13.93, or 0.1 per cent, to 10,855.56.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies