European and US stocks climb on manufacturing and healthcare
European stocks have risen significantly, achieving their biggest weekly gains since August, supported by strong earnings reports and stability in the technology sector. The STOXX 600 index increased by 0.3%, reaching 641.75 points, with the manufacturing sector rising by 0.7%, helped by companies like Schneider Electric and Extron contributing to the market's support. On Wall Street, the S&P 500 recovered by 0.33%, reaching 7,744 points, as investors shifted focus to healthcare companies, despite concerns over how rising interest rates might impact AI firms. Additionally, the Japanese Nikkei index ended its losing streak, climbing 1.39% to 65,324.29 points after six consecutive sessions of losses, with technology, chip stocks, and banking sectors bolstering the market.
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