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The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check. Walt Disney rose 1.00% as one of the biggest boosts to both the Dow and benchmark S&P index after its profit topped market expectations. The Dow Jones Industrial Average rose 15.53 points, or 0.04%, to 35,515.38, the S&P 500 gained 7.17 points, or 0.16%, to 4,468 and the Nasdaq Composite added 6.64 points, or 0.04%, to 14,822.90.
European stocks scaled reached new highs and clocked their fourth consecutive week of gains on optimism over a strong earnings season and steady recovery from the pandemic-led economic downturn. The pan-European STOXX 600 index inched up 0.2% to a record high of 476.16, for the tenth straight session. Germany’s DAX index ticked above 16,000 points for the first time ever, while France’s CAC 40 index index touched its highest level in nearly 21 years.
Maltese stocks meanwhile ended mostly unchanged, with the MSE Equity Total Return Index slipping 0.09 percent to 8,007.572 points. GO Plc led the losses with shares down 1.16 percent at €3.40, followed by Bank of Valletta Plc, down 1.11 percent at €0.89. Simonds Farsons Cisk plc meanwhile posted the only gain, up 3.06 percent at €8.50. The MSE Malta Government Stocks Total Return Index added 0.06 percent to 1,114.074 points while the MSE Corporate Bonds Total Return Index crept up 0.04 percent to 1,140.330 points.
Source: Reuters, Malta Stock Exchange
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