S&P 500 jumps 1.7% on Friday

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Source: Dukascopy
On Friday US benchmark S&P 500 Index finished at 1,255.19 gaining 1.69% or 20.84 points after European officials managed to find consensus on fiscal ties and US customer confidence reached a 6-month high. On weekly basis the index experienced an increase of 0.9%. Financial companies were leading the gains. Morgan Stanley added 3.16%, and Bank of America Corp. surged 2.33%. Tech stocks also contributed positively to the index with Microsoft Corp. advancing 1.18% and International Business Machines Corp. climbing 1.56%.

 

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