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The main indices in the US have three consecutive profitable weeks

US stocks strengthened on Friday. All three major stock indexes have had three consecutive profitable weeks. Statements by representatives of the US central bank silenced the prospect that the central bank could start reducing interest rates.

The Dow Jones index, which includes shares of thirty leading American companies, rose 0.01 percent on Friday and ended trading at 34,947.28 points. The broader S&P 500 index gained 0.13 percent to 4,514.02 points and the Nasdaq Composite index, which includes many companies from the advanced technology sector, rose 0.08 percent to 14,125.48 points.

Michael Barr, who oversees the financial sector at the Fed, said he believed the central bank was at or near the top of interest rates. The head of the Fed’s San Francisco branch, Mary Daly, noted that the central bank will need more evidence that inflation is falling.

“The biggest catalyst for stocks on Friday was that we hit a two-month low in government bond yields,” said analyst Robert Phipps of Per Stirling.

KK38 Brussels - In the photo, a Volvo car next to the car company's logo before the press conference on February 6, 2020 in Brussels.  The Swedish car company Volvo Cars sold more than 700,000 vehicles last year, which represents a new record.  PHOTO TASR/AP A Volvo car is parked behind the Volvo logo in the lobby of the Volvo corporate headquarters, prior to a media conference on the 2019 Full Year Financial Results, in Brussels, Thursday, Feb.  6, 2020. (AP Photo/Virginia Mayo)

Don’t overlook

Volvo shares fell to a record low. The majority shareholder sold part of his share

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