By Staff Reporters
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For Friday, the Dow Jones Industrial Average rose 377.19 points, or 1.19%, to 32,151.71, the S&P 500 gained 61.18 points, or 1.53%, to 4,067.36 and the NASDAQ Composite added 250.18 points, or 2.11%, to 12,112.31. For the week, the Dow advanced 2.7%, the S&P 500 climbed 3.6% and the NASDAQ gained 4.1%. And, U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, Bank of America Merrill said today. Volume on U.S. exchanges was 9.91 billion shares, compared with the 10.24 billion average for the full session over the last 20 trading days.
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Commodities: In commodity news, oil traded up 3.1% to $86.16, while gold traded up 0.3% at $1,725.40. Silver traded up 1.1% to $18.65 on Friday while copper rose 0.6% to $3.5490.
Euro zone: European shares were higher today. The Eurozone’s STOXX 600 gained 1.57%, London’s FTSE 100 rose 1.38%, while Spain’s IBEX 35 Index rose 1.52%. The German DAX gained 1.39%, French CAC 40 rose 1.5% and Italy’s FTSE MIB Index gained 1.85%. Industrial production in France dropped by 1.6% from a month ago in July versus a revised 1.2% increase in June, while industrial production in Spain gained by 5.3% year-over-year in July.
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INVESTING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283
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