Dow closes above 35,000 as stocks end week at record highs

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The Dow Jones Industrial Average closed above the 35,000 milestone for the first time Friday as the blue-chip gauge and other major indexes ended the week on a strong note, logging record finishes. The rally capped a week that began with a heavy selloff that saw the Dow post its biggest one-day drop since October, with the bounce attributed to easing worries about the economic impact of the spread of the delta coronavirus variant and upbeat corporate earnings. The Dow DJIA, +0.68% rose around 238 points, or 0.7%, to end near 35,062, according to preliminary figures. The S&P 500 SPX, +1.01% jumped around 44 points, or 1%, to close near 4,412, while the Nasdaq Composite COMP, +1.04% advanced around 152 points, or 1%, ending near 14,837.

This article was originally published by Marketwatch.com. Read the original article here.

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