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New York equities conclusion: indices collapse – fear of market distortions

news-source="dpa-afx">

NEW YORK (dpa-AFX) – On Wall Street, the mood has darkened again after the brief glimmer of light on Thursday. All major stock indices were each around two percent in the red on Friday. The reasons given for the downward trend included fear of market disruptions due to the build-up of speculative positions in individual stocks and disappointment with the Johnson & Johnson vaccine.

The Dow Jones Industrial broke the 30,000 point mark on Friday and ultimately dropped 2.03 percent to 29,982.62 points. The resulting weekly loss of 3.27 percent is the highest since October last year. On a monthly basis, there is a minus of around 2 percent.

The S&P 500 went down 1.93 percent to 3714.24 points on Friday. Among the technology indices, the Nasdaq 100 fell 2.09 percent to 12 925.38 points./la/he

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