The Daily Times Newspaper

The US Stock Markets Entered the Weekend With Gains on Friday

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The US stock markets entered the weekend with gains on Friday. On Wall Street, among other things, the promises of President Donald Trump for a possible second term were processed.

 

Investors also chewed on the speech by US central bank president Jerome Powell, who said on Thursday that the Federal Reserve would allow higher levels of inflation.

The Dow Jones index ended 0.6 percent higher at 28,653.87 points. The broad-based S&P 500 rose 0.7 percent to 3508.01 points, and technology gauge Nasdaq gained 0.6 percent to 11,695.63 points.

Trump has said he will cut taxes in his second term as president. He also pledged to create 10 million jobs in ten months, turn the country into the “manufacturing superpower of the world” and end America’s dependence on China.

Among the companies, attention was paid to Coca-Cola, which gained more than 3 percent in value. The soft drink company announced a voluntary employee severance package as part of a strategic plan.

It is expected that 4000 employees can make use of this. Initially, it concerns employees in the US, Canada and Puerto Rico. Coca-Cola also does not rule out layoffs.

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