Home » today » Business » US stocks experienced the worst week since March. They are ravaged by the uncertainty surrounding the pandemic and the upcoming elections – ČT24 – Czech Television

US stocks experienced the worst week since March. They are ravaged by the uncertainty surrounding the pandemic and the upcoming elections – ČT24 – Czech Television

The Dow Jones index, which includes shares of 30 major US companies, lost 0.59 percent on Friday to close at 26,501.60 points. It fell 6.5 percent for the whole week.

The broader S&P 500 lost 1.21 percent to 3,269.96 points on Friday and fell 5.6 percent in the week.

The Nasdaq Composite Index, which includes many high-tech companies, fell 2.45 percent to 10,911.59 points on Friday. He then lost 5.5 percent in a week.

Shares of Apple, Amazon and Facebook fell

Shares of technology company Apple fell 5.6 percent on Friday. Investors reacted to the news that the decline in quarterly sales of its iPhones was more pronounced than expected.

Shares of the Amazon online store fell 5.5 percent as the company predicted an increase in costs in connection with the covidu-19 pandemic. Shares of the operator of the social network Facebook weakened by 6.3 percent, as the company warned of more difficult conditions next year.


The dollar strengthens in uncertain times

In the foreign exchange market, the dollar climbed to a four-week high against the euro, the US currency benefited from its position as a safe haven in times of uncertainty. Around Friday at 9:00 PM CET, the single European currency lost about 0.2 percent to $ 1.1650, falling to $ 1.1640 per euro during the day.

The euro came under pressure on Thursday after European Central Bank chief Christine Lagarde signaled the possibility of further easing of monetary policy in the eurozone. On Thursday, the ECB left monetary policy unchanged as expected, and its setting will be decided again on 10 December.

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