Market Snapshot: Dow ends nearly 400 points higher as tech rally leads stocks to highest close since September

by | Nov 10, 2023 | Stock Market

U.S. stocks ended sharply higher Friday, more than shaking off weakness seen the previous session in the aftermath of a poor Treasury bond auction and fresh signs that interest rates may stay higher for longer. Technology stocks drove the bounce, with the Nasdaq Composite leading major indexes to the upside as it and the S&P 500 logged their highest finishes since September.

What happened
The Dow Jones Industrial Average
rose 391.16 points, or 1.2%, to close at 34,283.10.

The S&P 500
ended with a gain of 67.89 points, or 1.6%, at 4,415.24.

The Nasdaq Composite
advanced 276.66 points, or 2%, to finish at 13,798.10.

The rally left the Dow with a weekly gain of 0.7%, while the S&P 500 advanced 1.3% and the Nasdaq booked a rise of 2.4%. The Dow saw its highest close since Sept. 20, while the S&P 500 ended at its …

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