The Dow S&P 500 also rose 0.4/1.3% from the closing price last week
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With the US stock market paying attention to economic stimulus measures and the supply of a vaccine for Corona 19, the Nasdaq index rose a total of 3% this week. The Dow and S&P 500 also posted 0.4% and 1.3% weekly gains, respectively.
On the 18th (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Market closed at 3179.05, down 124.32p (0.41%) from the closing price of the previous trading day.
The Standard & Poor’s (S&P) 500 index fell 13.07p (0.35%) to 3709.41, while the Nasdaq composite index closed 9.11p (0.07%) to 12,755.64.
The Dow index turned downward from a gain the previous day. This index has been fluctuating in recent days. The S&P 500 index turned downward after rising for the last three consecutive trading days, and the Nasdaq Composite Index fell after finishing an uptrend for four consecutive trading days.
Looking at the weekly rate of change, the Dow index rose a total of 0.44% this week, while the S&P 500 and Nasdaq indexes rose 1.25% and 3.05%, respectively.
This week’s stock market focused on US economic stimulus negotiations and the supply of the Corona 19 virus.
The Wall Street Journal reported that the US stock market fell slightly on Friday, but showed a weekly uptrend as investors tracked the development of vaccines and economic support from the coronavirus.
Stock markets in major European countries were mixed. The UK London Stock Exchange FTSE 100 index closed at 6529.18, down 0.3% from the previous trading day, and the Frankfurt Stock DAX 30 index fell 0.3% to 13630.51. France’s Paris stock market CAC 40 index ended at 5527.84, down 0.4%.
On the other hand, the Euro Stoxx 50 index, a pan-European index, rose 0.4% to 3546.30.
International oil prices rose and gold prices fell. On the same day, on the New York Commercial Exchange, Western Texas crude oil (WTI) for delivery in January of next year closed at $49.10, up 0.74 dollars (1.5%) per barrel. International oil prices have been rising for the 7th week and have risen to the highest price since February 25th.
On the New York Merchandise Exchange, gold for delivery in February of next year fell by $1.50 per ounce (0.08%) to $1888.90.
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