Dow Finishes Week Strong as Apple Hits Record High

Index up more than 330 points
By Newser Editors and Wire Services
Posted May 4, 2018 3:12 PM CDT
Trader Craig Spector, center, works on the floor of the New York Stock Exchange, Friday, May 4, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks closed sharply higher on Wall Street Friday, led by gains in technology stocks as Apple rose to another all-time high. The Dow Jones industrial average rose 332 points, or 1.4%, to 24,262, per the AP. The Nasdaq composite climbed 121 points, or 1.7%, to 7,209, and the S&P 500 index rose 33 points, or 1.3%, to 2,663. Apple, meanwhile, jumped 3.9% after billionaire Warren Buffet said his company bought more of the stock. Bond prices didn't move much, and the yield on the 10-year Treasury note held steady at 2.95%.

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