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US stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region’s economy.
The Dow Jones industrial average .DJI rose 88.94 points, or 0.5 percent, to 17,807.94, the S&P 500 .SPX gained 10.7 points, or 0.52 percent, to 2,063.45 and the Nasdaq Composite .IXIC added 11.10 points, or 0.24 percent, to 4,712.97.
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Posted in: Indian Market Tips
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