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US stocks fell again on Friday, continuing into a period of weakness and volatility that hit the markets throughout October, and threatened to push the Dow and S & P 500 into negative territory for the first time. 'year.
How are the main landmarks?
The Dow Jones Industrial Average
DJIA, -1.68%
was down 275 points, or 1%, to 24,721, while the S & P 500 index
SPX, -2.32%
down 42 points, or 1.6%, to 2663, and the Nasdaq Composite Index
NQZ8, -0.76%
slipped 152 points, or 2%, to 7,169.
On Thursday, the Dow gained 399.95 points, or 1%, to 24,983, while the S & P 500 index rose 49.46 points, or 1.2%, to end at 2,705 points. 57. The Nasdaq gained 209.93 points, finishing at 7,318.34, up 2.95%, posting its best performance in a day since March 26.
This occurred after the Dow Jones lost more than 600 points on Wednesday, as the Nasdaq lost more than 300 points, marking its worst day since August 18, 2011 and placing the index in a widely used definition of market correction.
Thursday, the Dow was down 1.8%, the S & P 500 2.2% and Nasdaq 1.8%. For the month of October, the S & P lost 7.15%, the Dow Jones 5.57% and the Nasdaq yielded 9.05%.
Lily: Recall that stock market corrections do not always become bearish markets
What is the engine of the markets?
Investors appeared suspicious for the weekend because of lingering concerns about slowing global growth, rising interest rates and fear of maximum earnings growth. companies.
The disappointing results of two of the largest technology-related companies did not help the mood. Amazon
AMZN, -8.84%
made a record profit Thursday night, but its sales were disappointing and most importantly, its fourth-quarter sales forecast – the biggest period for holiday shopping – was below badysts' expectations. Shares slid more than 7% at the end of the session.
Lily: Record profit can not save Amazon from lower inventories
Trade concerns were also simmering after US authorities trade talks with China will only resume once Beijing makes strong proposals on forced technology transfers and other economic problems.
What data are developed?
The Commerce Department said the US economy grew 3.5 percent in the third quarter, exceeding forecasters' forecast of 3.4 percent. Second quarter growth was not revised to 4.2%.
The University of Michigan is to release the figures relating to consumer opinion at 10 am Eastern Time.
What do the badysts say?
"Well, things are going bad here, with the Nasdaq smoked under the effects of Amazon and Google's impressions," said JonesTrading's ETF manager Dave Lutz in a note to customers. He pointed out that the weak performance of the Asian and European markets was reason to expect a sell-off in the US as the weekend approached.
Ed Yardeni, chairman and chief investment strategist at Yardeni Research, said Friday morning in a note to clients that despite the continued weakness of the markets in October, the current bull market will continue next year. "The next recovery in aid should be triggered by persistent signs of economic growth coupled with controlled inflation," he wrote.
What stocks are under discussion?
Amazon.com, Inc..
AMZN, -8.84%
stocks are down 7.4% after the retailer lowered its forecast for holiday sales figures.
Intel Corp.
INTC, + 2.10%
Equities rose 2.9% after the company's quarterly results and outlook exceeded badysts' estimates.
Sharing Expedia Group Inc.
EXPE, + 2.68%
are up 3.5% in morning trading, following the release of quarterly results Thursday night that exceeded the expectations of Wall Street.
Charter Communications Inc.
CHTR, -9.35%
Shares are down 8.4% early in trading on Thursday, following the publication of sales figures, which is lower than badysts' estimates.
How are other markets traded?
Asian stocks fell on Friday, driven by a 1% fall in Hong Kong's Hang Seng Index
HSI, -1.11%
and a decline of 0.8% for the Nikkei 225 index
NIK -0.40%
The Japanese index was on the verge of falling by 6% a week.
European markets were also in trouble.
USDJPY, -0.68%
and gold prices
GCZ8, + 0.40%
were higher, indicating that investors were looking for shelters perceived to be safer. Oil price
CLZ8, -0.52%
were weaker, taking example on stocks.
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