Dow Jones closed above 34,000 points, after its strongest monthly gain since January

2023-04-29 07:21:02

Amid strong results from some major companies

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The main indices on Wall Street closed higher on Friday, after the strong results of “Exxon” and “Intel” erased the impact of fears raised by Amazon’s warning of a slowdown, while economic data reinforced expectations that the Federal Reserve (the US central bank) would raise interest. next week.

Exxon Mobil shares hit an all-time high after the oil company made record profits in the first quarter, according to Archyde.com.

The Standard & Poor’s 500 index rose by 34.71 points, or 0.83%, to close at 4,170.06 points, while it rose by 0.9% during the week, and the index recorded gains of 1.5% in April.

The “Nasdaq” composite index increased 84.35 points, or 0.70%, to 12226.58 points. The index recorded a weekly increase of 1.3%, but it decreased slightly by 0.04% in April.

The Dow Jones Industrial Average rose 275.36 points, or 0.81%, to 34,101.52, with a weekly gain of 0.9%.

And the “Dow Jones” recorded a monthly increase of 2.5% during April, in the highest monthly gain since last January.

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