Wall Street Stocks Rise Amid Falling Oil Prices
Stocks on Wall Street rose on Friday despite oil prices falling for the first time in a week. The S&P 500 index barely budged, rising by just 3.68 points or less than 0.1% to 7,411.98.
The Dow Jones Industrial Average increased by 235.60 points or 0.5% to 51,947.25 while the Nasdaq fell by 161.87 points or 0.6% to 24,975.82 due to sharp losses from big tech stocks like Micron Technology and Broadcom.
The mixed finish on Wall Street came as oil prices dropped for the first time in a week amid increased pressure from the ongoing conflict between the US and Iran.