Mid-Afternoon Market Update: Dow Gains 500 Points; Red Robin Gourmet Burgers Shares Spike Higher

Benzinga Real-time News · May 28, 2022 03:35

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining 500 points on Friday.

The Dow traded up 1.53% to 33,138.06 while the NASDAQ rose 3.06% to 12,099.92. The S&P also rose, gaining, 2.20% to 4,147.14.

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Leading and Lagging Sectors

Information technology shares jumped by 3.2% on Friday. Meanwhile, top gainers in the sector includedInvestview, Inc.(OTC:INVU), up 22% andApplied Blockchain, Inc.(NASDAQ:APLD) up 21%.

In trading on Friday, consumer staples shares rose by just 0.8%.

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Mid-Afternoon Market Update: Dow Gains 500 Points; Red Robin Gourmet Burgers Shares Spike Higher

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