The US stock market soared Friday afternoon; rising nearly 450 points and posting its “eighth straight weekly gain.”
“The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent to end the day at 7,472.41,” writes CNBC.
“Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 2.2 percent to $55.59 per barrel,” adds the economic website.
The strong stock numbers come just hours after President Trump declared a “national emergency” along the southern border; effectively bypassing Congress on his proposed border wall funding.
Read the full report at CNBC.