The US equity markets have not joined the temporary recovery on the European and Asian stock exchanges and ended one of the darkest weeks in their history. Investor uncertainty about the unforeseeable economic consequences of the corona virus crisis continues.
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The Dow Jones Industrial closed at a discount of 4.55 percent at 19,173.98 points, the lowest level since November 2016. This resulted in a weekly minus for the US leading index of more than 17 percent – the highest weekly loss since 2008 The Dow had gained over two percent in early trading.
The market-wide S&P 500 started the weekend with a setback of 4.34 percent at 2304.92 points. The weekly balance of minus 15 percent is the highest weekly loss since 2008. The technology-heavy Nasdaq 100 fell on Friday by 4.04 percent to 6994.29 points.
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Airline shares are rising
The rapid decline in the leading indices in the late course of trading was justified by speculators that the clearing company Ronin Capital was no longer able to meet its capital requirements. In addition to the effects of the corona crisis on daily life in the USA, the falling oil price and the rising US dollar also had a negative impact.
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The shares of airlines that were hit the most in the past few days started to recover on Friday. American Airlines rose by almost one percent and United Airlines by a good 15 percent.
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The euro fell below the $ 1.07 level in US trade after trading above it in European business. The most recent currency was $ 1.0665. The European Central Bank (ECB) had set the reference rate at $ 1.0707 (Thursday: 1.0801). The dollar had thus cost 0.9340 (0.9258) euros. Trend-setting ten-year US government bonds rose 2 21/32 points to 106 1/32 points. They paid 0.87 percent.
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