However, the standard values on Wall Street gave way for the most part. They suffered from concerns that the pandemic would worsen further after Austria pulled the emergency brake in view of the massive fourth corona wave and will go into lockdown again from Monday.
The Dow Jones Industrial expanded its recent losses on Friday and fell 0.68 percent to 35,627.50 points. On a weekly basis, there is a decrease of more than 1 percent. The market-wide S&P 500 fell slightly to 4702.11 points on Friday.
The Nasdaq 100 recently rose 0.61 percent to 16,583.54 points. The Nasdaq Composite was recently up 0.48 percent.
The tech values are currently being driven by some good company news as well as by the continued favorable environment. The US Federal Reserve wants to take its time with an interest rate hike, which many economists believe is the sharpest sword for fighting inflation. Low interest rates make it easier for the generally very growth-oriented companies in the industry to get financing.
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