(MENAFN - Saudi Press Agency)
New York, Rabi'II 18, 1439, Jan 5, 2018, SPA -- World stocks are capping a solid opening week of the year with big gains for technology, materials and energy companies.
Tech stocks, which were the biggest stars of the market last year, continued in that role in the opening week of 2018. Cisco Systems rose 1.4 percent Friday and Apple gained 1.1 percent.
For the week, tech stocks in the Standard & Poor's 500 index are up 4.2 percent.
The four-day winning streak for the S&P 500 index this week marked the longest string of consecutives gains to start a year since 2010.
On Friday the S&P 500 index rose 19 points, or 0.7 percent, to 2,743.
The Dow Jones industrial average rose 220 points, or 0.9 percent, to 25,295. The Nasdaq composite climbed 58 points, or 0.8 percent, to 7,136.
--SPA
00:20 LOCAL TIME 21:20 GMT

MENAFN0501201800780000ID1096316490