U.S. stocks were mixed, and the three major stock indexes all recorded gains for the week
U.S. stocks ended mixed on Friday, with all three major indexes posting gains for the week. The market pays close attention to the second quarter earnings report of US stocks. JPMorgan, Wells Fargo and Citigroup all beat expectations. In July, the University of Michigan’s consumer confidence index exceeded expectations.
The Dow rose 113.89 points, or 0.33%, to 34509.03; the Nasdaq fell 24.87 points, or 0.18%, to 14113.70; the S&P 500 fell 4.62 points, or 0.10%, to 4505.42.
The three major U.S. stock indexes all recorded gains this week, with the Dow up 2.29%, the S&P 500 up 2.42%, and the Nasdaq up 3.32%.
Most popular Chinese concept stocks fell on Friday
Most popular Chinese concept stocks fell on Friday, and the Nasdaq Golden Dragon Index fell 2.17%.
Energy Chain Smart Electronics fell by more than 9%, WIMI and Huya fell by more than 8%, Canaan Technology fell by more than 7%, Bit Value fell by more than 6%, Kingsoft Cloud, iQiyi, Shell, Dada Group, Dingdongmai Cai, Douyu, 21Vianet, Water Drop, and Fogcore Technology fell more than 5%.
European shares end mixed
European stocks closed mixed, Germany’s DAX index fell 0.22%, France’s CAC40 index rose 0.06%, and the UK’s FTSE 100 index fell 0.08%.
New York gold futures closed 60 cents higher on Friday, up 1.7% for the week
Gold futures in New York ended slightly higher on Friday, marking a fourth straight session of gains. Gold futures closed up 2 percent this week as recent data showed a slowdown in U.S. inflation.
Brien Lundin, editor of the gold newsletter, said: “It used to be that in a sane world, lower inflation was generally bearish for gold. But today, with falling inflation prompting a more dovish Fed, there is a risk that every asset class, including gold, will be bullish. It’s all bullish.”
Gold futures for August delivery rose 60 cents, or 0.03%, to settle at $1,964.40 an ounce on the New York Mercantile Exchange on Friday, the highest closing price since June 16. It has risen 1.65% this week. October gold futures closed up 0.02% at $1,983.40 an ounce, up 1.63% this week.
U.S. WTI crude oil futures fell 1.9% on Friday, up 2.1% for the week
WTI crude oil futures in New York fell on Friday, but gained more than 2% for the week.
Han Tan, chief market analyst at Exinity Group, said: “The oil price benchmark was reinvigorated by the weak dollar as hopes grew that the Fed’s rate hike cycle was coming to an end. Supply disruptions in Libya and Nigeria, as well as a drop in Russian shipments The reduction has regained support for crude oil prices and even temporarily relieved oil bulls from worries about an economic slowdown.”
West Texas Intermediate crude for August delivery fell $1.47, or 1.9%, to settle at $75.42 a barrel on the New York Mercantile Exchange on Friday. According to the most active contract calculation, the price of WTI crude oil futures rose 2.1% this week.
I am Zheng Zheng, known as the bald leader in the world, an investor who has been a financial reporter for 20 years and focuses on the medium and long-term.
All tips are for informational purposes only and do not constitute investment advice.
Stock trading is risky, so you need to be cautious when entering the market.
Reviewing hard work, sharing selflessly, please comment if you find it useful.Return to Sohu to see more
Editor:
Disclaimer: The opinions of this article represent only the author himself. Sohu is an information release platform, and Sohu only provides information storage space services.
2023-07-15 00:42:00
#Overnight #external #market #U.S #stocks #mixed #Chinese #concept #stocks #fell #gold #prices #rose #slightly #oil #prices #fell
