After the first operations, the star index, the Dow Jones industrial index, fell 0.03%, while the technology-based Nasdaq fell 0.16% and the expanded S&P 500 index -of the 500 main companies on the stock market- lost 0.11%
Wall Street closed lower on Friday, posting its first weekly loss in five weeks for the S&P 500 and eight for the Nasdaq. The Dow Jones lost 0.65% closing at 33,727.43 points, the Nasdaq lost 1.01% (13,492.52 units) and the expanded S&P 500 index fell 0.77% to 4,348.33 points.
For the week, all three indices fell around 2%.
“It’s the ghost of the interest rate hikes and the strict message from the central banks” that depressed the market, summarized Peter Cardillo, of Spartan Capital, who in any case played down the drop volumes.
“The tone of the central banks is the excuse to go down, but the fact is that the market has advanced strongly in the last three months and that generates profit taking,” the analyst explained to AFP.
On Thursday, the president of the Federal Reserve (Fed, central bank of the United States), Jerome Powell, told the Senate that the majority of the members of the organization are in favor of a couple of additional interest rate hikes before the end of anus.
