NEW YORK (dpa-AFX) – Disappointing quarterly reports from well-known tech giants such as Apple and Facebook weighed on the US stock exchanges on Friday. In addition, the new corona infections, which have triggered sharp price drops since Monday, continue to cause concern. The at times heavy daily losses in the Dow Jones Industrial (Dow Jones 30 Industrial) fell sharply in the last hour of trading.
Ultimately, the Wall Street Index went out of trading at a moderate discount of 0.59 percent to 26,501.60 points, after having lost almost 2 percent at times. The minus since the beginning of the week amounts to 6.5 percent, his monthly loss to 4.6 percent. The Dow had not slumped so strongly since March, on a weekly or monthly basis.
The number of new infections in one day hit a new high in the US on Thursday with more than 88,000 cases. That was almost 10,000 more than the day before.
The market-wide S&P 500 lost 1.21 percent to 3269.96 points on Friday. The NASDAQ 100 lost 2.62 percent to 11052.95 meters and thus lost 5.5 percent in the past five trading days. This also means the biggest loss for the Nasdaq selection index since March. The monthly minus adds up to a more moderate 3.2 percent.
Better than expected economic data initially only had a positive effect at the beginning of trading and dampened losses. The business climate in the important economic region of Chicago deteriorated less than expected in October. In September income and consumer spending also rose faster than forecast./ck/he
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