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A trio of forces helped the major US equity indices end the week on a high note Friday, with market heavyweight Apple reporting expectations-beating results, embattled banking shares rebounding, and a strong jobs report helping alleviate some recession concerns. The Dow closed 540 points higher on Friday, while the S&P 500 and Nasdaq 100 were up 1.8% and 2.2%, respectively. On a weekly basis, the Dow and S&P 500 lost 1.5% and 0.9%, while Nasdaq gained 0.1% and hit its 37-week high. European equity markets also rose on Friday, with the Euro Stoxx 50 adding 1.3% after some strong corporate earnings. However, for the week, the Euro Stoxx lost approximately 0.3%.
Summary for 08.05.2023
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