Tue, 24 May 2022

NEW YORK, New York - U.S. stocks roared on Friday with all the major indices racking up solid gains.

The Nasdaq Composite led the way, surging 417.79 points or 3.13 percent to 13,770.57.

The Standard and Poor's 500 accelerated 105.34 points or 2.43 percent to 4,431.85.

The Dow Jones industrials added 564.69 points or 1.65 percent to 34,725.67.

The U.S. dollar remained strong with the euro falling to 1.1145 by the New York close Friday. The British pound slimmed to 1.3393. The Japanese yen was weak at 115.23. The Swiss franc eased to 0.9311.

The Australian dipped to an 18-month low of 0.6991. The New Zealand dollar weakened sharply to 0.6540.

On overseas equity markets, the FTSE 100 in London finished down 1.17 percent. The German Dax dropped 1.32 percent, while the Paris=based CAC 40 was off 0.92 percent.

The Nikkei 225 in Tokyo climbed 540.35 points or 2.06 percent to 26,710.65.

The Australian All Ordinaries rose 151.80 points or 2.13 percent to 7,266.30.

China's Shanghai Composite gave up 32.81 points or 0.97 percent to 3,361.44.

In Hong Kong, the Hang Seng, going against the trend, dived 256.92 points or 1.08 percent to 23,550.08.

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