In early trading, the stock exchanges had benefited from positive signals in the US-Chinese trade dispute as well as rising oil prices and tended to be firmer. Expiring futures and options contracts on the futures exchanges also contributed to the price fluctuations in the course of trading.
The Dow Jones Industrial closed with a minus of 0.80 percent at 25,871.46 points, after initially quoting up to 2.2 percent in the plus. However, this resulted in a weekly gain of around one percent for the US benchmark index. The broader S&P 500 fell 0.56 percent on Friday to 3,097.74 points. The tech-heavy Nasdaq 100 fell 0.03 percent to 10,008.64 points.
Because of the negative news about the coronavisrus pandemic, the shares of US airlines were once again under particular selling pressure. United Airlines fell 6.4 percent, Delta Air Lines fell 4.2 percent and American Airlines lost 3.0 percent.
The shares of Apple crumbled noticeably after a price increase in early trading to another record high of 356.56 dollars and ended 0.6 percent lower. The iPhone manufacturer had announced that it would close some of its stores due to the increasing number of corona infections in certain regions of the USA.
The Microsoft papers also reached a further high of 199.29 dollars. This was the first time they passed the $ 1.5 trillion mark in market value. Apart from Apple, no company has yet succeeded in doing this. Ultimately, however, the shares of the software company lost 0.6 percent to $ 195.15 and fell back below the 1.5 trillion mark in market capitalization.
The Tesla papers lost 0.3 percent. The US electric car maker wants to quickly build a new plant in its home country. Construction of the planned factory in Travis County, Texas, is scheduled to start this summer. Tesla has only one car factory in the US so far. Another plant was opened in Shanghai, one is planned in Grünheide near Berlin.
A sell recommendation from Goldman Sachs for Slack Technologies propelled the company’s stocks of online office communications down 3.2 percent. Although Slack received a short-term tailwind from the home office trend, it was said that there was considerable competition from Microsoft.
The euro was last at $ 1.1188. The European Central Bank (ECB) had set the reference rate at 1.1210 (Thursday: 1.1222) US dollars. The dollar had thus cost 0.8921 (0.8911) euros. Trend-setting ten-year US Treasuries gained 5/32 points to 99 12/32 points and returned 0.690 percent./edh/he
(AWP)
–
