The US indices are climbing cautiously after a calm start to the day, but are still heading for a negative week as a whole.
–
This is what it looks like after just over 20 minutes of trading on Wall Street on Friday afternoon:
- Dow Jones up 0.31 percent
- Nasdaq up 0.67 percent
- S&P 500 up 0.43 percent
All three indices are now up for the round of the week as a whole with a decline. according to CNBC both the S&P 500 and the Dow Jones are heading for their worst week since June, while the Nasdaq index may have its worst week since May.
This week, the minutes from the US Federal Reserve’s previous interest rate meeting marked the market.
There were signals that the central bank may step down its securities purchases earlier than first assumed.
These purchases are made to send money into the market, and now investors fear that the downsizing may come too fast, several experts believe.
In addition, the virus pandemic, and the new delta variant, continues to affect the world market.
– The narrative in the market can thus be more cautious, since concerns that the peak has been reached for growth rates, the delta variant, and errors in monetary policy can give headwinds, at a time when seasonal and technical details are unfavorable, Barclay strategists write in a note Friday, reproduced by CNBC.
Oil prices have also fallen this week, and the decline also continued on Friday. Around opening hours on Wall Street, North Sea oil (Brent spot) is down 1.23 percent for the day to $ 65.72 a barrel. At the same time, the US light oil (WTI) is trading at 62.79 dollars, down 1.7 percent for the day.
–
