US Stock Indexes Closed Down, Technology Suffered

  • Technology giants fell sharply.
  • International oil prices continued their downward trend.
  • Lu The gold exchange fell below the issue price on its first day of listing.

U.S. stock technology stocks suffered “Black Friday”. On Friday, Eastern Time, the three major US stock indexes closed down collectively. The Dow once fell more than 500 points. The Nasdaq’s biggest intraday drop exceeded 3%, and the late decline narrowed.

Technology Giants

Dow, S & P index weekly decline since March, most are large single – week decline. As of the close, the Dow fell 157.51 points, or 0.59%, to 26501.60 points; the Nasdaq fell 274.00 points, or 2.45%, to 10911.59 points; the S&P 500 index fell 40.15 points, or 1.21%, to 3,261.96 points.

In addition to Google’s bucking the market’s rise, technology giants fell sharply. Twitter’s stock price fell by more than 21%, Facebook fell by more than 6%, and Tesla, Netflix, Amazon, and Apple fell by more than 5 %, Nvidia fell more than 3%, and Microsoft fell more than 1%.

Lufax in the US market on the first day, Lu gold fell 4.81 percent to $ 12.85, the issue price of $ 13.5 / ADS.

International oil prices continued their downward trend. Both the US and Burundi oils have fallen by more than 10% this week.

As of the close, the price of New York light crude oil futures for December delivery fell 0.38 US dollars, a decrease of 1.05%, to close at 35.79 US dollars per barrel, an cumulative decline of 10.19% this week.

Brent December crude oil futures closed down 0.19 US dollars, a decrease of 0.50 %, reported 37.46 US dollars / barrel, this week has fallen 10.32%.

International price of gold closed up slightly, closing, the New York Commodity Exchange gold futures market was the most active. December gold futures rose $ 11.9 30 than the previous day to close at $ 1879.9 per ounce, or 0.64% this week tired down 1.33%.

The U.S. dollar index continued to hit a new high in nearly one month. As of the end of New York trading day, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.10% to 94.0412.

US Dollar index

The major European stock indexes were mixed. As of the close, the average price index of 100 stocks of the London Stock Market “Financial Times” closed at 5577.27 points, down 4.48 points or 0.08% from the previous trading day. This week Tired down 4.83%.

The CAC40 index of the Paris stock market in France closed at 4,594.24 points, an increase of 24.57 points or 0.54% over the previous trading day, and a cumulative decline of 6.42% this week.

The DAX30 index of the Frankfurt stock market in Germany closed at 11556.48 points, a decrease of 41.59 points or 0.36% from the previous trading day, and a cumulative drop of 8.61% this week.

“Everything tells you the Treasury market should be stable, if not rallying,” said National Alliance’s Andy Brenner. “With the S&P 500 down 1.6%, you’re just getting close to levels that should elicit some bounce in Treasurys. Risk parody trades are just not working, ” said Brenner.

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Doris Mkwaya

I am a journalist, with more than 12 years of experience as a reporter, author, editor, and journalism lecturer." I've worked as a reporter, editor and journalism lecturer, and am very enthusiastic about bringing what I've learned to this site.  

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