Wall Street rises broadly as Polestar plunges after bleak quarterly report

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Wall Street rises broadly as Polestar plunges after bleak quarterly report
Photo: Yuki Iwamura/AP/TT

At the close, the Dow Jones Industrial Average had climbed 1.2 percent, the broad S&P 500 rose 1.2 percent, while the technology-heavy Nasdaq gained 1.4 percent.

Polestar went in the opposite direction and lost nearly 30 percent after the devastating loss reported in a report published on Thursday.

Market interest rates continued to decline during the day, having risen significantly in a short period of time, after a Fed member signaled that he would support leaving the policy rate unchanged. Something investors seemed to take note of.

However, the price of oil remains high, with a barrel of North Sea oil hovering around $96 at 10 p.m.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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