US stocks fell on the first day of the week (Agence France Presse)
after investigation huge earnings In the last two days of the closing week, profit-taking by investors on the first day of the new week caused three major US stock indexes to fall, causing the Dow Jones Industrial Average to lose more than two hundred points.
Seven weeks before the end of a very difficult year for stock and bond investors, and after the first hopeful sign that the Federal Reserve would ease its tightening policies, US equities stabilized for a one-day gain. Thursday And on Friday, waiting for the bank’s expected decision on the 14th of next month on interest rates.
During trading on Monday, the Dow Jones Industrial Average lost 0.6% of its value, the S&P 500 index fell 0.89%, while the losses of the Nasdaq index, which climbed the most last week , amounted to 1.12%.
Also, during trading on Monday, the price of gold fell from its highest level in three months on Friday, coinciding with the price of gold Dollar rise And US bond yields, after a senior Fed official warns they still haven’t decided to calm down The battle against inflationHowever, prices appeared stable at Friday’s closing levels as the day ended.
Oil prices stabilized on Monday, down about $3, following a surge in coronavirus cases in China, where news from there dashed hopes that the economy of the world’s largest crude importer would reopen soon.
Brent crude futures closed down $2.85, or 3%, at $93.14 a barrel, and US West Texas crude futures closed down $3.09, or 3.47%, at $85.87 a barrel, after gaining nearly 3% in the final days of last week.
