Friday , May 14 2021

Dow Jones earns 120 points in the closing but records the weekly loss of 2%

Details of this news: Dow Jones earns 120 points per closing, but registers a weekly loss of 2%

Mubasher: Dow Jones's industrial average increased at the end of the exchange on Friday, hoping for an improvement in trade between Washington and Beijing, but recorded a strong weekly loss.

Nefidia led the chip losses after falling almost 19% at the end, making technology the worst performer on Wall Street.

The actions of EE. UU. They arose after positive comments from the president of the United States. UU. Donald Trump about China's desire to reach an agreement with the United States.

Technology fell 2.5% this week led by Apple, which has led the United States to a tough weekly loss.

Economic data showed that US industrial production rose less than analysts' estimates last October.

At the closure of the trade, Dow Jones's industrial average rose 0.5% to 25413.2 points, gaining 123.9 points, but registering a weekly loss of 2.2%.

S & P rose 0.2% to 2,736.2 points, but fell more than 1.5% in the week ending today.

While the Nasdaq dropped 0.1% to 7247.8 points, registering a weekly loss of 2.1%.

At 9:13 p.m. GMT, the highest dollar index, which measures currency performance against six major currencies, has dropped from 0.5% to 96,448.

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Source: Mubasher (Economy)

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