11 Apr 2014
Wall Street falls again; worst week since 2012 for S&P and NASDAQ
FXStreet (Córdoba) - After falling sharply on Thursday, US stocks fell again on Friday, adding to weekly losses. The Dow Jones fell 0.89% and the S&P 500 0.93%, both fell more than 3% for the week. The worst was the NASDAQ that dropped 1.33% on Friday, more than 5% during the week and dropped below 4,000 for the first time since February. Wall Street had one of the worst weeks since June 2012.
Economic data from the US had little impact. The PPI rose above expectations during March while Consumer Confidence measured by the University of Michigan rose from 80.0 to 82.6.
The US dollar was not favoured by risk aversion and finished Friday with mixed results but with losses across the board for the week. The best performers during the last five days were the Yen and the Swiss Franc.
Gold ended flat on Friday at $,1318 but up for the second week in a row with a gain of $10. Crude oil rose slightly and finished Friday above $103.00 but far from the highs.
Economic data from the US had little impact. The PPI rose above expectations during March while Consumer Confidence measured by the University of Michigan rose from 80.0 to 82.6.
The US dollar was not favoured by risk aversion and finished Friday with mixed results but with losses across the board for the week. The best performers during the last five days were the Yen and the Swiss Franc.
Gold ended flat on Friday at $,1318 but up for the second week in a row with a gain of $10. Crude oil rose slightly and finished Friday above $103.00 but far from the highs.