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NEW YORK – (dpa-AFX) – US equity markets closed a profitable week with a weak trend. Traders have justified Friday's decline by the weak quarterly figures of some technology companies. In addition, many investors fear that the continued decline in oil prices may be a sign of a slowdown in US economic growth, he said. The new US economic data had little impact on prices. Consumer sentiment was less severe than expected in November.
Dow Jones Industrial (Dow Jones Industrial) again fell below 26,000 points, closing the day at 0.77% to 25,989.30. On a weekly basis, however, the US leading indicator posted a respectable rise of about 2.8%. Since the mid-low reached in late October, the US leading index has even recovered by almost 8%. The S & P 500 market index fell 0.92% to 2781.01 points on Friday. The NASDAQ 100 technology index fell 1.67% to 7039.15 meters.
The US Federal Reserve said the night before that it was sticking to its monetary policy and had promised further rate hikes. "The worry is that the Fed continues to raise interest rates," said badyst David Madden of broker CMC Markets. This has already pushed the mood on European stock markets.
In the sector overview, the IT sector was at the back. Sales were triggered by disappointing quarterly figures from Skyworks. Key figures from the semiconductor company have signaled slowing demand for smartphones chips. This resulted in negative badyst comments with gradations and reductions in price targets. Skyworks shares have lost 8%.
On the other hand, won the Walt Disney title as Dow's leader at 1.7%. The entertainment company earned more in the fourth quarter than badysts had expected. In the future, the Hollywood giant wants to focus more on the burgeoning streaming market and tackle high-performance online video services such as Netflix. As a result, Disney launches its own Internet service and relies heavily on purchased content. Netflix shares fell 4.6%.
The net result of the S & P 100 index was the shares of General Electric, down 5.7%. US bank JPMorgan (JPMorgan ChaseCo) lowered its price target from 10 to 6 US dollars and left the ranking on "Underweight". In the third quarter, the conglomerate had on almost every front worse than feared to reduce, wrote the badyst Stephen Tusa.
Activision Blizzard's third-quarter revenue and disappointing outlook for the last quarter resulted in a 12% drop in titles by computer game manufacturers.
Cree shares, however, rose nearly 8% after a recommendation to buy the investment bank Goldman Sachs, which could place investors in the silicon carbide market, said the company. badyst Brian Lee, the basic material of light-emitting diodes.
The exchange rate of the euro was also at a slightly lower level in US trade. More recently, the single European currency was trading at $ 1.1333. On Wednesday, the euro was still above the $ 1.14 mark. The European Central Bank (ECB) set the reference price at $ 1,1346. Ten-year US Treasuries jumped 14/32 points to 99 15/32 points, yielding 3.19% / edh / fba
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