US stock trade was mixed as the Dow Jones ended its worst week since March

Traders nyse flags uk brazil

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, US, February 6, 2020.Lucas Jackson/Reuters

  • US stocks closed mixed on Friday, with the Dow Jones completing its worst week since March.

  • The S&P 500 and Nasdaq Composite posted declines for the third week in a row.

  • Meanwhile in Hong Kong, the Hang Seng Index closed in bear territory amid China concerns.

US stocks traded mixed at the close of Friday’s session, with each of the major indices capping off losing weeks amid a surge in bond yields.

The Dow Jones lost more than 2% this week, completing its worst week since March, while the S&P 500 and Nasdaq Composite saw their third straight week of losses.

The weekly declines came as the 10-year US Treasury yield on Thursday hit its highest level since 2007 amid signs that the Federal Reserve remains concerned about inflation and is open to further interest rate hikes.

Meanwhile in Hong Kong, the Hang Seng Index I entered the bear market area The merchants were also responding to it Concerns about China’s economy and the real estate sector.

Chinese government data in recent weeks has revealed deflation, declining trade, and a precarious housing sector. On Thursday, China Evergrande, The most indebted developer in the worldfiled for Chapter 15 bankruptcy protection.

This is where US indices stood as the market closed at 4:00 PM on Friday:

Here’s what else happens:

In commodities, bonds and cryptocurrencies:

Read the original article at Business interested

Related Posts

Pat Sajak discusses his health problems. He believed he was going to die from the pain

“Wheel of Fortune” host Pat Sajak, in his first post-surgery interview, shared the harrowing experience of his blocked bowel emergency a month ago. Severe pain during a morning walk led…

Read more

Mom With Over 800 Tattoos Called A Freak – Struggles To Secure Job As Businesses Won’t Hire Her

A mother’s two adoring children continue to look up to her as a role model despite the fact that her peers have called her a “freak.” There are no innate…

Read more

Pregnant Wife Sees Best Friend’s Message on Husband’s Phone: ‘You Haven’t Told Her about Us?’

In a Reddit saga, an anonymous user confronted the painful revelation of her husband’s infidelity with her best friend while she was six months pregnant. The woman, facing the challenges…

Read more

A woman is waiting for a train to return home

Presenting millions of photos is not necessary. On the train platform, Ylva Johansson, the Swedish Labor Minister, was observed consuming food. The politician is shown as an ordinary woman rather…

Read more

Why Is It Important To Store Toilet Paper In The Refrigerator? A Little-Known Secret

The battle against unpleasant odors in the kitchen takes an unconventional turn with the use of toilet paper stored in the refrigerator. Opening the fridge often reveals stubborn, musty smells…

Read more


We’ve all got these tiny openings in our skin for releasing sweat and oil, We’ve all got these tiny openings in our skin for releasing sweat and oil, but for…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *