Wall Street Rebounds from Thursday Losses, Google Testing Drone Delivery
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iStockphoto/Thinkstock(NEW YORK) — After a day of losses, Wall Street returned to its form from the beginning of the week, with all three major indices posting gains and the S&P 500 posting a record close.
The Dow Jones Industrial Average closed at 17098.38, up 18.81 from Thursday.
The Nasdaq gained 22.57, finished the day at 4580. 27, while the S&P 500 climbed 6.62, finishing the day at a new high close of 2003.36. The S&P 500 finished the month up 3.8 percent, its best August in 14 years.
The market gains come after Google, earlier this week, announced that it is working on a system that would allow the company to delivery goods using drones. Other companies, including Amazon and Dominos Pizza have previously tested similar drone delivery systems.
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