The New York Stock Exchange's broad S&P 500 index rose 0.4 percent on Friday – and the past week thus became the best in a whole year. The Dow Jones industrial index gained 0.6 percent and the tech-heavy Nasdaq composite index increased 0.1 percent on the last trading day of the week.
Friday's trading was otherwise moderate after a week when the indexes had risen sharply and several records were broken. The week was dominated by Donald Trump's victory in the presidential election and another interest rate cut by the central bank Federal Reserve.
Among individual shares, Axon Enterprise stood out, a manufacturer of stun guns and body cameras used by American police. The company reported higher profits for the previous quarter than analysts had expected – and also forecast a 32 percent increase in annual revenue. The share price surged nearly 29 percent.
For the entire week, the S&P 500 index noted a gain of 4.7 percent, while the Dow Jones index rose 4.6 percent and the Nasdaq index climbed 5.7 percent.
