U.S. markets climb Friday
U.S. markets advanced Friday after the Federal Reserve said household wealth grew in the second quarter for the first time in nearly two years.
The biggest boost to household wealth was a 21.7 percent rise in stock values between April and July, the Fed said.
By close, the Dow Jones industrial average added 36.28 points, 0.37 percent, to 9,820.20. The Standard & Poor’s 500 added 2.81 points, 0.26 percent, to 1,068.30. The Nasdaq composite index rose 0.29 percent, 6.11 points, to 2,132.86.
On the New York Stock Exchange, 1,752 stocks advanced and 1,253 declined on a volume of 5.7 billion shares traded.
The benchmark 10-year Treasury fell 23/32 to yield 3.469 percent.
The euro fell to $1.4705 from Thursday’s $1.4733. Against the yen, the dollar rose to 91.35 yen from Thursday’s 91.17 yen.
In Japan, the Nikkei 225 index lost 0.7 percent, 73.26 points, to 10,370.54.
In London, the FTSE 100 index added 8.94 points, 0.17 percent, to 5,172.89.