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The Dow closed its first record since August 16, as Powell said the United States could see “maximum employment” in 2022.

The Dow Jones Industrial Average hit a record high in more than two months, but faced headwinds from the sale of SNS stocks with a strong weekly rise in the three major stock benchmarks.Dow
DJIA,
+ 0.21%

It rose 0.2% on a provisional basis to reach 35,677, the first-ever high since August 16. The rise in stock-weighted good benchmarks was partially supported by the rise in American Express Corp.
AXP,
+ 5.41%

And Goldman Sachs Group Inc.
GS,
+ 1.65%
..
The Dow record will also be the day after the S & P 500 Index
SPX,
-0.11%

Friday’s Broadmarket Index fell 0.1% to about 4,544.On the other hand, Nasdaq Composite Index
COMP,
-0.82%

Comparing shares in Google’s parent company Alphabet Inc, it fell 0.8% to about 15,090.
Google,
-3.04%

And Facebook Inc.
FB,
-5.05%
..
At an event hosted by the Bank for International Settlements, the Federal Reserve Board said the US labor market would continue to improve and could reach “maximum employment” next year.

The Dow closed its first record since August 16, as Powell said the United States could see “maximum employment” in 2022.

Source link The Dow closed its first record since August 16, as Powell said the United States could see “maximum employment” in 2022.

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