Updated .. Dow Jones post its biggest weekly gain since August

direct: US stock indexes closed Friday’s session higher as investors looked for clarity on the stimulus package, with the Dow Jones achieving its biggest weekly gain since last August.

Technology stocks rose more than 1 percent, leading the US stock market’s gains as stimulus hopes increased.

This came after the US President’s statements that negotiations between the White House and Democrats in Congress are going well.

And US Treasury Secretary Stephen Mnuchin and Nancy Pelosi, Speaker of the House of Representatives, held talks today that focused on determining whether there is any possibility of imminent agreement on a comprehensive stimulus bill.

Despite his objections to the size of the stimulus package proposed by Democrats before that, said today that he wants a larger bill than the Democrats and Republicans have proposed.

At the close, the Dow Jones Industrial Average rose 0.6 percent to 28,586 points, recording a weekly gain of 3.3 percent, the largest since last August.

Standard & Poor’s rose by 0.9 percent to 3,477 points, to achieve weekly gains of 3.8 percent.

Nasdaq rose 1.4 percent to 11,579 points, recording a weekly rise of 4.6 percent.

By 8:05 PM GMT, the main dollar index, which measures the currency’s performance against the six major currencies, was down 0.4 percent to 93.28.

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