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19 Sep 2014
US stocks close the week positive on renewed optimism
FXStreet (San Francisco) - Wall Street welcomed Alibaba's IPO and Scotland decision to remain in the United Kingdom with gains as the Dow Jones finished the week at record high; however S&P and the Nasdaq closed negative on the day.
US investors digested well the 'No' victory with 55% of voters in Scotland and the UK's Prime Minister Cameron confirming that the central government will accept to transfer powers to Scotland.
In addition, Alibaba made noise in Wall Street and investors welcomed it with a 38% rise in its first day and a closing price of $93.89 per share.
The Dow Jones advanced 13.75 pts or 0.08% on Friday to close the week with 1.74% gains at 17,279.74. The S&P 500 declined 0.96 points or 0.05% to 2,010.40; The S&P finished with 1.25% weekly gains.
The Nasdaq eased 13.64 points or 0.30% to 4,579.79; 0.27% positive on the week.
US investors digested well the 'No' victory with 55% of voters in Scotland and the UK's Prime Minister Cameron confirming that the central government will accept to transfer powers to Scotland.
In addition, Alibaba made noise in Wall Street and investors welcomed it with a 38% rise in its first day and a closing price of $93.89 per share.
The Dow Jones advanced 13.75 pts or 0.08% on Friday to close the week with 1.74% gains at 17,279.74. The S&P 500 declined 0.96 points or 0.05% to 2,010.40; The S&P finished with 1.25% weekly gains.
The Nasdaq eased 13.64 points or 0.30% to 4,579.79; 0.27% positive on the week.