Home » News » New York Stock Exchange weakens after record highs

New York Stock Exchange weakens after record highs

US markets ended lower on Friday, after a session marked by increased volatility due to the quarterly day of the Four Witches.

Wall Street closed in the red Friday, after records the day before, after a session marked by increased volatility because of the quarterly day of the Four Witches. The Dow Jones lost 0.41% to 30,179.05 points. The Nasdaq lost 0.07% to 12,755.64 points. The S&P 500 dropped 0.35% to 3,709.41 points. The day of the Four Witches corresponds to the expiration of several contracts on financial products, which generally generates distortions.

Investors also continue to hope for a fiscal stimulus deal. Democratic and Republican parliamentarians are trying to agree before Christmas on a $ 908 billion proposal put in place by a group of bipartisan elected officials.

The prospect of a second vaccine soon available with that of Modern (-2.62%) continued to support market morale. The green light from the US Medicines Agency was expected Friday, after the recommendation by a committee of experts the day before to authorize this vaccine, a week after that of Pfizer (-0,92%).

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.