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Published July 24, 2021, 1:49 PM
NEW YORK (AFP) – US stocks rocketed to fresh records Friday, with the Dow finishing above 35,000 for the first time, in anticipation of more blowout earnings next week after this week’s positive round of results.
All three major indices finished the week at records, with the Dow Jones Industrial Average surging 0.7 percent to close at 35,061.55.
The broad-based S&P 500 jumped 1.0 percent to end at 4,411.79, while the tech-rich Nasdaq Composite Index also rose 1.0 percent to 14,836.99.
The records marked a sharp reversal from the sentiment at the start of the week, when the Dow suffered its worst session of 2021 amid worries over rising infections of the Delta variant of the coronavirus.
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