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US Stock Market ends the week with minor decline against last week's rally
Stock 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.
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