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US stocks plummeted in the wake of a new wave of tech sector sales driven by disappointing results, while crude halted its longest run of losses due to worries over oil prices. 39, excess supply.
Large-cap technology companies drove the Nasdaq 100 down 1.5% and the S & P 500's weekly advance. The Skyworks chip maker dropped after the results signaled a slowdown the demand for smartphones.
] West Texas Intermediate crude recorded its tenth consecutive decline, resulting in a decline of more than 2.5% in small cap stocks. The solid Walt Disney results have minimized the damage in the Dow Jones Industrial Average.
Mexican shares erased a second day of losses after the country's elected president said no banking law would be changed and the peso would fall back. The main European stock index fell after the disappointing forecasts of Richemont and Thyssenkrupp.
Treasury yields declined after the US Federal Reserve reiterated on Thursday its intention to make more gradual rate increases.
Investors keep an eye open for any clue that the business cycle has reached its peak. Although the decline in oil prices appears to be mainly due to an increase in supply and not to a decline in demand, more worrying signs from China are emerging.
Asian Giant Data Reveals Lower Producer Price Increases, Unreliable Car Sales and Disappointing Prospect of a Large Online Travel Business, Which Reactivates Concerns Aroused by the situation of the world's second largest economy.
Asian financial stocks have performed particularly poorly after the announcement of Beijing plans to set quotas for banks to inject credit to private companies.
The yuan traded abroad continued to fall this week, with little sign of an end to the US-China trade war after the elections. legislative measures in the country of North America.
On the other hand, the pound is weakened amidst speculation closing of a possible deal on Brexit stocks and currencies and emerging markets.
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