US stocks lead global market gains in a week

Abu Dhabi August 13

Global stock indices rose during last week’s trading, and US indices succeeded in achieving gains for the fourth consecutive week.

US Wall Street indices rose, with the “Nasdaq” index, which is dominated by technology shares, rising during the week by 3.1%, equivalent to 389.6 points, reaching the level of 13047.19 points.

The benchmark “Standard & Poor’s 500” index increased by 3.3%, gaining 134.96 points, to close at 4280.15 points, and the “Dow Jones” industrial index rose by 957.58 points, or 2.9%, to close at 33761.0 points.

In terms of European markets, the “Euro Stoxx 50” index rose by 1.5% to reach the level of 3776.8 points, with gains of about 51.4 points, and the British “FTSE 100” index rose by 0.8%, gaining 61.15 points, to close at 7,500.89 points.

The German “DAX” index gained more than 221.9 points, or 1.6 percent, to close at 13,795.85 points, and the French “CAC” index increased by 1.26%, equivalent to 81.5, to close at 6553.86 points, and the European “Stoxx 600” index rose by 1.2%, equivalent to 5.15 points, to reach to 440.87 points.

Asian markets rose, with the Japanese Nikkei index rising on the Tokyo Stock Exchange during the week by 1.3%, or 371.11 points, to close at 28546.98 points, while the broader Topix index increased by 1.3%, equivalent to 26.01 points, reaching the level of 1973.18 points.

The MUmbay Synx index gained 1074.85 points, or 1.8 percent, to reach 59,462.78 points, while the “ESI” Composite Index on the Shanghai Stock Exchange rose 1.5 percent, equivalent to 49.86, to close at 3276.89 points.