[Breaking] New York Stock Market Closes Higher... Nasdaq Up 3.33%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on Friday, the 27th (local time), as the inflation indicator preferred by the central bank, the Federal Reserve (Fed), slowed down and investor sentiment recovered.

On that day in the New York stock market, the Dow Jones Industrial Average rose 1.77% from the previous session to close the trading. The S&P 500 index, centered on large-cap stocks, rose 2.48%, and the Nasdaq index, focused on technology stocks, rose 3.33%.

The three major indices also turned to an upward trend on a weekly basis after several weeks. Until last week, the Dow had fallen for 8 consecutive weeks, and the S&P 500 and Nasdaq had fallen for 7 consecutive weeks.