Tuesday, April 16, 2024

The performance of US stocks at the end of the week was different


At the end of the trading session on Friday, June 17, 2022, the performance of US stock indices diverged at the end of the week, and the performance of US market indices saw significant fluctuations.

US indices in the Friday session of June 17, 2022

The Dow Jones Industrial Average fell 0.1%, or 38 points, to 29,888, bringing its weekly losses to 4.8%.

The broader “Standard & Poor’s 500” index rose 0.2% or 8 points to 3,674 points, but lost 5.8% weekly.

The “Nasdaq” index rose 1.4% or 152 points to 10,798.

US Federal Reserve raises interest rates

The central bank raised interest rates by 75 basis points this week, the largest increase since 1994, indicating the possibility of a similar rate hike at next July’s meeting.

As the Federal Reserve lowered its growth forecasts and raised unemployment estimates for the next two years, fears of a recession in the US economy increased due to the tightening of monetary policy.

Read this too .. U.S. stocks rise at the close of trading on Wednesday, June 15, 2022 … after US interest rates have risen

European and Japanese stocks in the Friday session of June 17, 2022

In European markets, during the session on Friday, June 17, 2022, the European “Stoxx 600” index rose 0.09% or 0.4 points to 403 points, while the French “CAC” index fell 0.06% or 3 points to 5882 one point.

The German “DAX” index was up 0.7% at about 88 points at 13,126 points, while the British “FTSE 100” index was down 0.4% at 7016 points, up about 28 points.

See also  Hong Kong stock market index fell, oil prices fell

In Japan, the “Nikkei” index fell 1.8% to 25,963 points, and the broader “TOPIX” index fell 1.7% to 1835 points.

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:


More like this

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...