US stocks extend gains, Dow Jones soars 450 points

US stock indices rose on Friday, extending gains thanks to optimism about the US economy recovery.

Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.

The markets digested the Federal Reserve's bearish meeting minutes about the date to trim the bonds purchases program. 

Fed officials warned from lagging inoculation from the Covid pandemic, which threatens the global economic recover, especially after the new highly spreading Delta variant.

New agencies reported that US President Joe Biden intends to sign an executive order today to strict on anticompetitive practices between big tech companies.

To the oil market, WTI crude August futures 2.2% or $1.62 , and closed at $74.56 a barrel, but posted a weekly loss by 0.8%, after hitting a day high of $74.7 and a low of $72.7.

Brent August futures rose 1.9% or $1.43, and closed at $75.55 a barrel, with a weekly loss of 0.8%, a high of $75.8 and a low of $73.8.

As for stocks, Dow Jones rose 1.3% or 448 points, and closed at 34,870, and posted a weekly gain of 0.2%, with a day high of 34,893, and a low of 34,457.

S&P 500 rose 1.1% or 48 points to 4,369, and posted weekly gains of 0.4%, after hitting a high of 4,371 and a low of 4,329 points.

Nasdaq rose 1% or 142 points to 14,701, and registered a 0.4% weekly gain, with a high of 14,710 and a low of 14,552.