U.S. Indices gained in value for the second session in row on hopes that central bankers stand ready to support global markets if this weekend’s Greek election results end in market turmoil. The news offset the latest round of weak U.S. economic data, which pointed to sluggish growth domestically.
The EU indices ended the week in positive territory as well. The main concern is the possibility for contagion, should the Greek election end with an exit.
The DJ30 closed at 12,767.17, gaining 115.26 points (+0.91%) in today’s trading. The SPX500 closed at 1,342.84, gaining 13.74 points (+1.03%) and the Nasdaq closed at 2571.23, gaining 31.26 points (+1.23%).
The CAC40 closed at 3,087.62 gaining 55.17 points (+1.82%), the FTSE100 closed at 5,478.81, gaining 11.76 points (0.22%) and the DAX40 closed at 6,229.41, gaining 90.80 points (1.48%).
Facebook Inc. (FB) shares are on track with three consecutive weeks of decline since their debut. Since Monday the stock has gone up 2.64 points to 30.01.
Amazon (AMZN) climbed 1.23% after the Company announced the expansion of its free support for all Amazon Web Service (AWS) customers by reducing the pricing on premium support plans and multiple new features to help customers better interact with and improve their use of AWS.
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