Finance News

Right here's what occurred to the inventory market on Friday

Dow Jones Industrial Average rises 190 points

US manufacturing and service activity grows along with home sales

Data from IHS Markit showed that US manufacturing activity reached its highest level in 19 months in August, while services reached its highest level in 17 months. Existing home sales in July saw a record month-on-month increase of 24.7%. The average real estate sales price also hit an all-time high, rising to $ 304,100.

Apple extends rally, Deere wins

Apple stock rose 5% to a new all-time high, building on its rally for the week. Deere, meanwhile, was up 4% on better-than-expected results from the previous quarter.

What happens next?

Consumer confidence and even more housing numbers will be released next week. The Federal Reserve will also hold its annual monetary policy symposium.

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