DHe is worried that the new lockdown measures will affect Friday’s trading on the American Stock Exchange. Investors kept their funds safe and sold the stocks that were in trouble during the first wave of corona. This brought the Nasdaq Technology Exchange index to a record high: the barometer closed above the 16,000 mark on Friday. Technology stocks have been consistently high on investors’ buying lists—especially when interest rates are low. The Nasdaq index closed at 16,057 points, up 0.4% from Thursday. On a weekly basis, it rose by 1.24%. However, the standard value of the Dow Jones Index fell 0.8% to 35,602 points.
“Now is the normal time to reduce risk,” said Jay Hatfield, head of infrastructure capital management in New York. “In this case, there is a lot of money in the market, and it will not go too far-safe-haven assets benefit. Currently, everything revolves around Covid-19.” UBS Private Wealth Management Specialist Tom Mandini ( Tom Mantione) mentioned the Austrian blockade. “If Germany decides to blockade on a large scale, it will once again have an impact on the supply chain.”
At the same time, market participants worry that the Fed may take more actions in response to rising inflation. As a result, bank stocks fell: after the bond market yield fell, the corresponding index fell, and the bond market’s demand as a safe haven increased again. Airline and travel statistics are also on the sales list.Falling oil prices weigh on multinational stocks Dow Chevron’s newspaper was one of the biggest losers, falling 2.2%. Facebook’s stock price rose, up 2%. Apple rose 1.7% and hit a record high. Investors believe that iPhone makers will meet high demand on “Black Friday” next week. Chip maker Nvidia’s stock profited from the quarterly data and closed up 4.1%. In Frankfurt, the Dax index fell 0.4% to close at 16,159 points.
