Fri, 07 Aug 2020

NEW YORK, New York - U.S. stocks roared on Friday, shrugging off concern about the burgeoning coronavirus in the United States and the world.

The Nasdaq closed at a new record high, yet again.

The Dow Jones Industrial Average finished 369.21 points, or 1.44% higher, at 26,075.30 Friday.

The Standard and Poor's 500 added 32.99 points, or 1.05%, to 3,185.04.

The Nasdaq Composite advanced 69.69 points, or 0.66%, to 10,617.44.

The Dow Jones rose 1% over the course of the week, the Standard and Poor's 500 was up 1.80%, and the Nasdaq gained 4%.

The U.S. dollar fell Friday. The euro regained the 1.1300 mantle, albeit that and nothing else. The EU unit closed Friday in New York at exactly 1.1300.

The British pound swelled to 1.2621. The Japanese yen was higher, but slightly off its peak in Asia, at 106.93.

The Swiss franc edged up a fraction to 0.9411.

The Canadian dollar strengthened slightly to 0.9411. The Australian and New Zealand dollars were little changed at 0.6949 and 0.6561 respectively.

On global equity markets, the FTSE 100 in London was up 0.76%. The German Dax rose 1.15%, while in Paris, the CAC 40 gained 1.01%.

On Asian markets, the Hang Seng ended the day down 508.35 points or 1.94% at 25,701.81. The key index had been much lower earlier.

In Japan, the Nikkei 225 gave up 238.48 points or 1.06% to 22,290.81. The broader Topix fell 1.42% to 1,535.20.

China's Shanghai Composite retreated 67.27 points or 1.95% to 3,883.32.

The Australian All Ordinaries shed 38.60 points or 0.64% to 6,036.30.

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