NYSE fell heavily on Friday in the wake of a Chinese manufacturing indicator fueling fears of a slowing global economy. The three benchmark indices lost more than 3%.
The index Dow Jones Featured lost 3.12% yielding 530.94 points 16’459,75. The S & amp; P 500, wider, lost 64.84 points, or 3.19%, to 1970.89. The Nasdaq Composite was down on his side of 171.45 Points (3.52%) to 4706.04 points.
This slump that followed the Asian and European stock markets have all closed sharply lower Friday. The Eurostoxx 50 index lost more than 3%.
The New York Stock Exchange came into correction phase, without, however, analysts agree diagnose a simple jolt or end an increase of six and a half years.
In the last five sessions, the index Featured Dow Jones Industrial Average fell 5.8% and the Nasdaq, dominated by technology, was down 6, 8%, with a sudden acceleration in the last minutes of Friday’s session
The broader S & amp;. P 500, considered most representative by many investors, tumbled 5.8%. This is his sharpest weekly drop since September 2011.
“The question arises whether there is a correction in a market remaining (fundamentally) oriented upwards, or a market that is moving (permanently) downward, “said Hugh Johnson, Hugh Johnson Advisors.
Addiction rather optimistic assumption for an interim inflection, Johnson confessed find the “destabilizing” situation. “It’s been a long time since the market progressed without correction,” noted Tom Cahill in Ventura Wealth Management, however, hoping that the situation stabilizes next week.
“The recovery in the United States and, to a lesser extent, in the euro area and Japan, will be offset by the current slowdown in China, low or negative growth in Latin America and Russia, which is recovering very slowly from its recession last year, “details in a note Marie Diron, head of credit policy at Moody’s rating agency
Unknown Primary:. the magnitude and speed of the slowdown in Chinese growth engine over the last decade of the global activity.
On the bond front, Treasuries have played their role of safe value against the actions of turbulence. The paper yield to ten years falling to 2.06% against 2.08% on Thursday and 2.20% one week ago
(ats / 08.21.2015 11:45 p.m.) <.! -
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