February 26, 2021
22:25
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Wall Street concluded disoriented and half-hearted this Friday, the Nasdaq being the only index to recover a small part of the heavy losses of the day before, caused by inflation fears that are making markets nervous.
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The New York Stock Exchange, which had tried to start again at the opening, closed in dispersed order on Friday, after its largest fall since October the day before, due to inflation expectations which are making markets nervous . The Dow Jones yielded 1.50% to 30,932.37 points, while the S&P 500 a fell 0.48% to 3,811.15 points. For its part, the Nasdaq gained 0.56% to 13,192.34 points. The sharp rise in borrowing rates on public debt – notably 10-year Treasury bills – has aroused inflationary fears. The yield on 10-year US government bonds stood at Wall Street’s close at around 1.39% after peaking at 1.61% on Thursday, a level not seen since February 2020.
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In terms of values, Twitter climbed 3.31% after finishing up 3.71% on Thursday, as the group posted its goal of doubling its revenues by the end of 2023. Oil stocks Chevron and ExxonMobil lost more than 2% in the wake of a decline in the price of black gold. The video game dealer GameStop has interrupted its soaring of the last two sessions, yielding 6.43%.
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