By Gokhan Ergocun
ISTANBUL (AA) - US stocks ended the week on the positive side, with the Nasdaq hitting a record.
The Dow soared 0.47%, or 206.97 points, to close at 44,175.61.
The Nasdaq added 0.98%, or 207.32 points, to close at 21,450.02 -- a record.
The S&P 500 rose 0.78%, or 49.45 points, to 6,389.45.
The Volatility Index (VIX), also known as the “fear index," fell 8.57% to 15.15.
US President Donald Trump nominated Stephen Miran, chairman of the Council of Economic Advisers, on Thursday, to replace Adriana Kugler, who resigned from the Fed's board of directors.
Trump said Miran will serve on the Fed's Board of Governors until January 31, and efforts will continue to identify a permanent candidate for the position.
Analysts said Trump's temporary appointment to the Fed Board of Governors raised expectations that the bank's management would adopt a more “dovish” stance.
Intel shares, which had fallen after Trump demanded the resignation of CEO Lip-Bu Tan on Thursday, rebounded to add 0.7% after Tan announced his company is in contact with the US administration.
Trump's call for Tan to resign came after Republican Sen. Tom Cotton wrote a letter to Intel Chairman Frank Yeary questioning Tan's ties to China.
As companies continued to report their earnings, Pinterest's shares lost more than 10% after its second-quarter profit fell short of expectations.