Wall Street closes higher and gold falls
New York, February 25 / WAM / The main indices on Wall Street closed higher today, Tuesday, with technology stocks leading the rise, while gold fell, retreating from its highest level in three weeks. Stocks and indices witnessed sharp movements over the past few weeks, and the strong decline occurred yesterday, Monday.
The three main American indices recorded strong gains in the session, with semiconductor stocks outperforming. Preliminary data showed that the Standard & Poor’s 500 index rose by 52.70 points, or 0.77 percent, to close at 6,890.45 points, while the Nasdaq Composite index rose.
239.91 points, or 1.06 percent, to 22,867.18 points. The Dow Jones Industrial Average rose 377.40 points, or 0.77 percent, to…
49181.46 points.
Regarding gold, it decreased in spot transactions by 1.4 percent to $5,158.24
per ounce by 1840 GMT. US gold futures for April delivery fell by 0.9 percent
$5176.30 upon settlement. As for other precious metals, the price of silver in spot transactions fell 1.2 percent to $87.21 per ounce, after recording the highest level in more than two weeks last session. Platinum in spot transactions rose 1 percent to $2175.95 per ounce. Palladium increased 2.3 percent to $1,785.35.
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