Inventories end up lower. Concerns about global growth are coming back. Here is what happened on the markets today.

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the Dow (UNDUE) closed 0.1%, or 17 points, less. the S & P 500 (SPX) and Nasdaq Composite (COMP) finished 0.2% and 0.5% lower, respectively.

For the week, the Dow has a modest 0.4%, which is ridiculous compared to the jump of 4.7% recorded the previous week. S & P and Nasdaq rose 0.5% and 0.7% respectively for the week, according to Refinitiv.

This week's exchanges were everywhere. On Monday, the Dow recorded the sixth consecutive day of gains for the first time in more than a year. On Wednesday, stocks had recorded two days of losses and the recovery was officially over.

On Friday, investors worried about global economic growth after China announced lower-than-expected industrial production figures for May earlier Friday. Industrial production increased by 5%, compared to the consensus of 5.5%.

Inventories in China closed down, with the Composite of Shanghai (SHCOMP) ending the week down 1%.

In this context, uncertainties regarding trade also persist. It is hoped that the United States and China will make progress in trade negotiations at the G20 summit in Japan later this month.

In the United States, retail sales rose 0.5% in May, underestimating the 0.6% forecast. This will not help investors to worry about growth.

Geopolitical risks add to these concerns. The United States accused Iran of attacking two oil tankers this week in the Gulf of Oman. The attack pushed up oil prices on Thursday. US oil futures set 0.4% higher at $ 52.51 a barrel on Friday.

As fear increases, gold prices – an investment hedge – increase. Gold was set at $ 1,340.10 an ounce, up 0.1%, after reaching its highest level since April 2018, according to Refinitiv.

IPO Bonanza

In terms of IPOs, things seem clearer. Chewy announced the start of its IPO on Thursday night at $ 22 per share, raising $ 1 billion. The company began trading under the symbol "CHWY" today and closed up 59% to nearly $ 35 per share.
This is the third IPO of the week. Cybersecurity business CrowdStrike (CRWD) debuted on Wednesday and the independent online platform Fiverr was made public on Thursday. Crowdstrike climbed more than 70% the first day, while Fiverr climbed 90%.

Crowdstrike and Fiverr are down today, their shares sliding 5% and 21.1%, respectively.

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