Business

The Dow, S & P 500 shakes off the shock inspired by the Evergrande Group, and the Fed talks about tapering to ensure a high end to the week.

Dow Jones Industrial Average
DJIA,
+ 0.10%

And S & P 500
SPX,
+ 0.15%

Ending with Friday’s highs, the wider market recorded weekly rises and the stock market turbulence first characterized by a bout of uncertainty against the potential collapse of Chinese real estate developer Evergrande I suppressed the growth. The outlook for developers with a debt of about $ 300 billion remains uncertain. Still, the Dow rose 0.1% at around 34,798 and the S & P 500 Index rose 0.2% at 4,455, recording a weekly rise of 0.6% and 0.5%. The data in FactSet shows.Nasdaq Composite Index
COMP,
-0.03%

Benchmark 10-year yield finished a day less than 0.1%.
TMUBMUSD10Y,
1.451%

Benchmark debt rose 9 basis points, the largest weekly interest rate rise since March 19, rising to around 1.45%, according to Dow Jones market data. The yield-sensitive Nasdaq Composite was still able to finish the week in the positive territory. On the data side, new home sales in the United States increased 1.5% to an annual rate of 740,000, the government said Friday. In corporate news, Nike Inc.But
NKE,
-6.26%

It fell by about 6% after sportswear makers reported lower-than-expected quarterly sales on Wall Street, stating that wages and expenses squeezed earnings.This week is the energy sector
XLE,
+ 0.75%

Produced 11 highest profits on the S & P 500, with treasury up 4.7%.
XLF,
+ 0.53%

It increased by 2.2%. On Wednesday, the Fed’s Jerome Powell suggested that the central bank could soon end an important aspect of its market support program and aim to raise interest rates as early as 2022.

The Dow, S & P 500 shakes off the shock inspired by the Evergrande Group, and the Fed talks about tapering to ensure a high end to the week.

Source link The Dow, S & P 500 shakes off the shock inspired by the Evergrande Group, and the Fed talks about tapering to ensure a high end to the week.

Back to top button