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×Dow Jones breaks 40,000 for first time ever
US stocks extended gains on Friday for the fourth consecutive week, bolstering their rise in the second quarter of this year amid fears of prolonged inflation and monetary tightening.
The Dow Jones Industrial Average added 134 points, or 0.35%, closing at 40,003, extending raising its weekly gains to 1.25%.
The S&P 500 index closed 0.1%, or six points, up at 5,303, posting a weekly gain of 1.55%.
The Nasdaq Composite Index was unchanged at 16,685, but gained 2.1% in the week.
Elsewhere, the STOXX Europe 600 Index dropped 0.15% to 522.9 points, but advanced 0.4% this week.
FTSE 100 closed 0.2% lower to end at 8,420 points. Germany’s DAX 40 Index edged down 0.2% to 18,704 points. The CAC 40 Index closed 0.25% down at 8,167 points.
The Nikkei 225 closed 0.35%, or 132 points, down at 38,787 points. TOPIX, however, rose 0.30% to 2,745 points. The two indices recorded weekly gains of 1.45% and 0.65%, respectively.
Brent crude oil futures for July delivery rose by 0.85%, equivalent to 71 cents, to $83.98 a barrel, after touching $84.04. This marks an increase of 1.45% since the beginning of the week, ending a two-week losing streak.
Meanwhile, the price of US WTI crude oil for June delivery increased by more than 1%, or 83 cents, to reach $80.06 per barrel. The contract recorded gains for the second consecutive week, with its value increasing by 2.3% over the week's trading.
Gold prices for June delivery rose by 1.35%, or $31.9, to $2417.40 per ounce, marking the 21st record level since the beginning of the year, and achieving a weekly gain of 1.8%.
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