The New York Dow Jones Stock Exchange closed higher on Friday (December 23) amid light trading ahead of the long weekend. Investors reacted to the release of a US consumer confidence index that was higher than expected. And energy stocks led the market higher as oil prices rose.
The Dow Jones Industrial Average closed at 33,203.93 points, an increase of 176.44 points or +0.53%, the S&P 500 index closed at 3,844.82 points, an increase of 22.43 points or +0.59%, and the Nasdaq index closed at 10,86,497 increases. of 21.74 points or +0.21%.
in the past week the Dow gained 0.9%, while the S&P 500 lost 0.2% and the Nasdaq lost 1.9%.
The New York Stock Exchange rose. After the release of a survey from the University of Michigan on Friday indicating that the US Consumer Confidence Index rebounded to 59.7 in December, beating preliminary estimates and analysts of 59.1 after hitting 56.8 in November.
The sentiment index was boosted by consumer concerns about inflation. and has confidence in the US economic outlook and consumers also expect inflation to rise to 4.4% over the next year, which is lower than the 4.9% surveyed last month.
Over the next five years, consumers expect inflation to hit 2.9%, down from the 3.0% level surveyed last month.
In addition, the confidence index in the current economic situation and in the next 6 months has also increased.
Technology rose 0.8% and Healthcare rose 0.12%.
News Corp shares rose 2.8% on reports that US billionaire and investor Michael Bloomberg is interested in buying either the Dow Jones or the Washington Post.
But Tesla shares fell 1.76 percent, reversing the market and hitting their lowest level in more than two years amid volatile trading. After Mr. Elon Musk, the CEO of Tesla promised that he will not sell Tesla shares for at least 2 years, that does not help build confidence for investors in any way
