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NEW YORK—–(77WABC)
Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time.
The Dow, S&P 500 and Nasdaq all finished with gains of better than 1% for the week.
They each returned to records after brushing aside the sharp downturn that trimmed 1.6% off the S&P 500 on Monday.
The one-day swoon came as worries rose about a potentially sharp slowdown in the economy.
But the market rebounded as big companies reported better profits than expected and as investors once again saw any dip in stocks as merely a chance to buy low.
UPDATE: Wall Street rallies to record-breaking end of turbulent week https://t.co/mdrXkuZgqz
— Talk 1370 (@TALK1370) July 23, 2021
