US Close Report 15 Oct 18: US Stocks recover after a week of steep losses

 

US sharemarkets rose on Friday by over 1%. Technology stocks led the gains with both Apple and Microsoft lifting by over 3.5%. In response to earnings results JPMorgan Chase fell by 1.1%, Citigroup rose by 2.1% and Wells Fargo rose by 1.3%. The Dow Jones rose by 287 points or 1.2% after holding in a 467 point range. The S&P500 index lifted by 1.4% and the Nasdaq index gained 168 points or 2.3%. Over the week the Dow lost 4.2% with the S&P 500 down 4.1% and the Nasdaq lost 3.7%.

 

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