New York, NY (BBN) – U.S. stocks finished the last week with moderate gains. Wall Street advanced on Friday after economic data raised hope that Federal Reserve will boost money supply to aid the economic recovery.
After a dip on Monday, U.S. stocks recovered it losses as Wall Street shifted its focus to corporate earnings, according to reports.
Over the week, the Dow Jones industrial average gained 95.97 points or 0.89 percent. The Nasdaq Composite Index added 42.01 points or 1.80 percent over the same period.
Japan’s Nikkei average slid 2.0 percent on Thursday, hit by a late Yen rise, but still booked its best monthly performance in six months, helped by hopes the Central Bank will ease policy further and that the Yen’s rapid advance could be curbed by more intervention by the authorities.
The Nikkei 225 index ended the week at 9,369.35, shedding off 56.82 points or 2.06 percent over the previous week.
BBN/SI/SSR-02Oct10-11:32 pm (BST)
