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The Dow Erases 2020 Loses With Energy And Tech Sectors Leading The Way
Summary: The Dow Jones Industrial Average erased 2020 losses on Friday, August 28 after another strong week of trading, as reported by CNBC. The 30-stock Dow closed 0.6% higher at 28,653. The S&P 500 index also gained 0.7% and closed at $3,508, marking the first time the index has closed above $3,500. By the end of ...
The Dow Jones Industrial Average erased 2020 losses on Friday, August 28 after another strong week of trading, as reported by CNBC.
The 30-stock Dow closed 0.6% higher at 28,653. The S&P 500 index also gained 0.7% and closed at $3,508, marking the first time the index has closed above $3,500. By the end of Friday, the Dow was up 0.4% for 2020.
Walmart was one of the leading companies for the Dow rising 2.7% likely due to the announcement that the company has joined Microsoft's bid for popular social networking app TikTok. Energy was the best performing sector in the S&P 500 gaining 1.9% with tech coming in second with 1.1% gains.
By Emily Mason
Tags: COVID-19,Dow Jones
Link: The Dow Erases 2020 Loses With Energy And Tech Sectors Leading The Way [Copy]
