US stocks close higher, tech and bank stocks rally

Posted on: February 23rd, 2018 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Wall Street closed in the green on Friday with gains led by technology companies and banks.

The Dow Jones Industrial Average soared 347.51 (+1.39 percent) to finish the session at 25,309.99.

The Nasdaq jumped 127.31 (+1.77 percent) to close at 7,337.39, while the S&P 500 finished trading at 2,747.30, up 43.34 (+1.60 percent) for the day.

Crude oil prices climbed more than 1 percent at about $63.50 per barrel.

Winners and Losers:  Shares of Hewlett Packard Enterprise jumped 10.54 percent after its first quarter financial results beat anaysts’ expectations.

General Mills (-3.57 percent) announced Friday it would buy Blue Buffalo Pet Products (+17.23 percent) for $8 billon.

Shares of Bank of America climbed 1.07 percent.

Copyright © 2018, ABC Radio. All rights reserved.

Leave a Reply

You must be logged in to post a comment.