The Dow and the S&P 500 closed higher on Friday, lifted by upbeat retail sales data and improvement in consumer sentiment. However, the tech-laden Nasdaq ended in the negative territory. Notably, rise in new coronavirus cases that led to travel restrictions dampened investors sentiment, and compelled them to refrain from placing bets on risky tech stocks.
The Dow Jones Industrial Average (DJI) edged up 112.11 points, or 0.4%, to close at 28,606.31 and the S&P 500 rose 0.47 points, to close at 3,483.81. The Nasdaq Composite Index closed at 11,671.56, declining 42.32 points, or 0.4%. The fear-gauge CBOE Volatility Index