Concerns about the strength of the coronavirus epidemic and its important daily economic impact fell to 0.9% at a weekly low and a one-month low, as well as below the important 50-day moving average, the S & P500 U.S. stock index closed. Investors were anxiously welcomed by the University of Michigan’s Consumer Sentiment Index, which although rising from a ten-year low last month, fell short of expectations and shows a weak consumer propensity for many components that has not been seen for many decades. And this could hold back the economic recovery.
In addition to the S & P500, the technology-overweight Nasdaq also closed with a 0.9% drop, while the Dow Jones got away with a half-percent drop. The price of a barrel of WTI oil was also down 0.9% on Friday to $ 72 and gold was down 0.3% to $ 1,751.
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