US stocks close higher, tech and bank stocks rally

iStock/Thinkstock(NEW YORK) — Wall Street closed in the green on Friday with gains led by technology companies and banks.

The Dow Jones Industrial Average soared 347.51 (+1.39 percent) to finish the session at 25,309.99.

The Nasdaq jumped 127.31 (+1.77 percent) to close at 7,337.39, while the S&P 500 finished trading at 2,747.30, up 43.34 (+1.60 percent) for the day.

Crude oil prices climbed more than 1 percent at about $63.50 per barrel.

Winners and Losers:  Shares of Hewlett Packard Enterprise jumped 10.54 percent after its first quarter financial results beat anaysts’ expectations.

General Mills (-3.57 percent) announced Friday it would buy Blue Buffalo Pet Products (+17.23 percent) for $8 billon.

Shares of Bank of America climbed 1.07 percent.

Copyright © 2018, ABC Radio. All rights reserved.

SHARE

RELATED CONTENT

Coca-Cola ‘closely watching’ cannabis in wellness drinks Amazon probes report workers sold confidential info, deleted bad reviews Trump: JPMorgan Chase CEO doesn’t have the ‘smarts’ to become president Responding to leaks, Google denies political bias ’60 Minutes’ exec Jeff Fager out at CBS as sexual misconduct allegations still under investigation US ‘likely’ has taken over as the world’s top oil producer
Comments