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Friday 27 May 2016

Wall Street puts finishing touch on best week since March

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The Dow Jones industrial average climbed 0.25 percent to end at 17,873.22 points and the S&P 500 gained 0.43 percent to 2,099.06. 

The Nasdaq Composite added 0.65 percent to 4,933.51. 

For the week, the S&P 500 rose 2.3 percent and the Dow added 2.1 percent, the best weekly performance for both since March. The Nasdaq gained 3.4 percent for the week, its best weekly result since February.

For 2016, the S&P 500 is up 2.7 percent.

Friday's volume was muted as investors checked out ahead of a long weekend, with US stock markets closed on Monday for the Memorial Day holiday. 

Just 5.6 billion shares changed hands on US exchanges, well below the 7.1 billion daily average for the past 20 trading days, according to Thomson Reuters data. 

Cyber security firm Palo Alto dropped 12.36 percent after a wider-than-expected quarterly loss. 

GameStop fell 3.93 percent after the video-game retailer forecast lower-than-expected revenue and profit for the current quarter. Advancing issues outnumbered decliners on the NYSE by 2,034 to 974. On the Nasdaq, 1,905 issues rose and 896 fell. The S&P 500 index showed 22 new 52-week highs and no new lows, while the Nasdaq recorded 73 new highs and 19 new lows.






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