US stocks bounce back after 5-day losing streak

GMT 13:19 2015 Monday ,19 January

Arab Today, arab today US stocks bounce back after 5-day losing streak

US stocks
Beijing - XINHUA

U.S. stocks rebounded Friday after five consecutive sessions of losses, with major stock indices rising over 1 percent to close almost at session highs, as investors took in quarterly earnings, mixed economic data and surging oil prices.
The Dow Jones Industrial Average rose 190.86 points, or 1.10 percent, to 17,511.57. The S&P 500 climbed 26.75 points, or 1.34 percent, to 2,019.42. The Nasdaq Composite Index increased 63.56 points, or 1.39 percent, to 4,634.38.
Before the opening bell, Goldman Sachs Group reported fourth quarter net revenues of 7.69 billion U.S. dollars, down from 8.78 billion dollars a year ago. Net earnings for the fourth quarter were 2.17 billion dollars, or 4.38 dollars per diluted common share, both lower than the year-ago period. Goldman Sachs Group shares fell 0.71 percent to 177.23 dollars apiece.


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