3/26, 9:00 PM (Source: TeleTrader)
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Dow up 450 pts at close amid recovery hopes

Major stock markets in the United States closed higher on Friday after the report showed the consumer confidence in March stood at its highest level so far in 2021. New York introduced a pass that would show one had either tested negative for COVID-19 or had been vaccinated against it.

Meanwhile, Facebook Inc. said it would partly reopen its premises if the situation concerning the pandemic allowed so. Finally, the latest data from Baker Hughes showed the number of oil rigs in the country by 6 to 324 in the week ending March 17.

The Dow Jones Industrial Average surged by 1.39% or 452 points at the close as Intel Corporation went up by 4.61%. The Nasdaq 100 advanced by 1.55%, with ASML Holding NV rising by 7.28%. The S&P 500 increased by 1.67% as Nucor Corporation gained 8.34%. The euro grew by 0.28% against the dollar to sell for $1.17970 at 3:56 pm ET.

Breaking the News / JR