The US indices climbed after a calm start to the day, but still ended up with a negative week as a whole.
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This is how Friday trading on Wall Street ended:
- Dow Jones up 0.64 percent
- Nasdaq up 1.19 percent
- S&P 500 up 0.81 percent
All three indices rounded by that of the week as a whole with decline.
At the same time, it is not the big movements you see on Wall Street. And the previous fall of noteworthy size, it’s starting to be quite a long time since it happened.
According to Marketwatch It has now been 200 trading days since the last broad S&P 500 index fell by 5 percent from a peak. This should have happened only eight times before.
New signals from the Fed
This week, the minutes from the US Federal Reserve’s previous interest rate meeting marked the market.
There were signals that the central bank may step down its securities purchases earlier than first assumed.
These purchases are made to send money into the market, and now investors fear that the downsizing may come too fast, several experts believe.
In addition, the virus pandemic, and the new delta variant, continues to affect the world market.
– The narrative in the market can thus be more cautious, since concerns that the peak has been reached for growth rates, the delta variant, and errors in monetary policy can give headwinds, at a time when seasonal and technical details are unfavorable, Barclay strategists write in a note Friday, reproduced by CNBC.
Oil prices have also fallen this week, and the decline also continued on Friday.
At 22 Norwegian time, the North Sea oil (Brent spot) is down 2.3 percent for the day to 65 dollars a barrel. At the same time, the US light oil (WTI) is trading at 61.85 dollars a barrel, down 3.1 percent for the day.
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