Markets end higher today Friday due to the easing of bonds but their weekly performance remains mediocre.

Markets end higher today Friday due to the easing of bonds but their weekly performance remains mediocre.


The markets ended up on Friday, as the decline in bond prices sent investors to the markets in search of 'good deals' to close a wild week, where the main indexes failed to recover their poor performance.

 

  • The Dow Jones Industrial Average finished higher on Friday with +306.52 units to end the week at 25886.01 points, but with a poor weekly performance of -0.73% despite the rise today.

 

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  • The Nasdaq Index on the other hand advanced Friday by + 1.68% to close the week with 7896 units, a little lower than its weekly opening for a close in the last five days with -0.10%.

 

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  • The exclusive S&P 500 failed in its attempt to recover its weekly average, contracting in this period by -0.35% despite its gain in the last hour to close on Friday with 2888.68 points (+ 1.44%) .

 

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The stocks of the day.

  • Nvidia (NVDA) shares rose 7.3% to $ 159.56 after the chip maker posted stronger second-quarter earnings than expected. Nvidia is the action of the day.

  •  

    Deere (DE) shares collapsed after the manufacturer of agricultural and construction equipment failed to meet Wall Street's third quarter earnings expectations and reduced its annual sales and earnings forecast.

News Wall Street.

The stocks markets ended up on Friday for the second consecutive day, but recorded a third consecutive weekly decline as the decline in bond prices eased concerns about a recession and investors sought bargains to close a wild week.

The 10-year Treasury yield recently increased 0.02 to 1,547%.

Bloomberg News reported that, according to reports, President Donald Trump made a call on Wednesday about the stock market crash with the CEOs of three of the major US banks. UU. Trump spoke with Jamie Dimon, CEO of JPMorgan Chase (JPM), Brian Moynihan of Bank of America (BAC) and Michael Corbat of Citigroup (C), Bloomberg said, citing people with knowledge of the situation, and asked about the health of the American consumer

The three executive directors told Trump that while consumers were doing well, they would do better if problems like the US-China trade war were resolved.

The current trade war between the United States and China remains one of the main minds of investors. President Donald Trump's comments during a visit to Morristown, New Jersey, were also cited as an addition to the positive tone of Friday when he repeated his claim that the United States was having "very good talks with China" and that he plans to speak with the president of China Xi Jinping in the near future.


In the United States, housing permits increased faster than expected in July to the highest level in years, due to the drop in interest rates stimulated by the sector.

On the other hand, the consumer sentiment index of the University of Michigan fell to a reading of 92.1 during the first half of August, the lowest since January. The reading was well below the average forecast of economists for a reading of 97.4.



Rest of the world.

Asian and European stocks rose overnight, while Treasury yields recovered after reaching lows of several years and even all times on the curve this week.

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All key risk sectors increased by more than 1%, so while the rebound (Thursday) was weak, the overall recovery (Friday) could be the beginning of a larger-scale movement, experts say.

However, like Wall Street, the weekly performance of the main world indices had a negative performance, highlighting the German DAX with -1.12%. In contrast, Asian exchanges such as Shanghai and Korea had excellent weekly performance despite tensions around Hong Kong and protests against the Chinese government.

 

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Energy Market


On the energy front, Brent crude oil contracts for delivery in October, the world benchmark, rose 37 cents and sold at $ 58.60 per barrel with a weekly performance of -0.54%, while intermediate contracts West Texas for September, which are most closely linked to gas prices in the United States, were 34 cents higher at $ 54.81 per barrel, -0.85% over the last five days.

 

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Other indicators

Thus the rest of the markets closed the 33rd week of the year 2019.

 

Forex Market

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Metals Market

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Cryptocurrency Market (TOP 15).

 

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daniejjimenez
daniejjimenez

Evangelist Blockchain Technology


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