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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