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Follow on Google News | US Stock Market ends the week with minor decline against last week's rallyStock market has been quite erratic recently as investors weigh in between the possibility of a sudden appearance of inflation affecting interest rates and the chance of the economy getting better.
Dow Jones Industrial Average dropped down by 234.33 points or 0.71% from yesterday. This is also 0.5% lower compared to their last week's performance. S&P 500 also lost 2.36 points or 0.06% from Thursday's results, and is 0.8% lower versus their last week's. On the other hand, NASDAQ bounced back a bit from yesterday's result, where they ended increasing about 99.07 points or 0.76%. Bank stocks are also dwindling after the Fed announced the end of the reprieve given to them last year. Citigroup dropped down to $73.01, or by 1.1%. Bank of America reduced to $38.53, or is down by 1.1%. JPMorgan Chase fell $2.51 or is lower by 1.6%. While the major market suffered a setback, the Treasury's' yields are getting better. The 10-year Treasury advanced by 12 points or 1.73% which was mostly from Thursday's events. This still remains to be its peak value since January of last year. Below is a quick summary of today's market session:
Meanwhile, under commodities, Gold advanced by 2.20 points and ended at 1,743.90, while Silver moved up by 0.01 points to 26.34. Oil also bounced back by 0.07 points and ended 61.51. For more financial news and advisories do visit us at Olympus International Limited. You may also check what services we can offer by browsing at our website https://olympusintltd.com/ End
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