Economic news

U.S. stocks climb, tech stocks lead rise

U.S. stocks advanced on Friday as gains in technology stocks offset some of the week’s losses, which were triggered by worries over interest rates hikes.

Photo: Reuters

The Dow Jones Industrial Average edged up 0.5%, to 25,082, the S&P 500 index leaped 0.7%, to 2,722, the Nasdaq Composite Index surged 0.6%, to 7,256.

Stocks have been dragged down recently by minutes of Fed’s last policy meeting, which showed officials became more confident in further rates increases. Investors are largely predicting the central bank to increase rates three times in 2018, starting with its next meeting in March.


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