The US stock exchanges closed noticeably recovered on Friday after another up and down slide. The Dow Jones Industrial
Robust labor market data initially ensured a friendly start. But the Dow soon followed the technology-heavy Nasdaq stock exchange into the red, where it fell below the 28,000 point mark and lost up to 2.2 percent. In late trading, the recovery then set in before the bank holiday weekend. There will be no stock trading on Monday in the US due to Labor Day.
The S&P 500, which reflects the broad market
Both the Nasdaq 100 and the S&P 500 only reached new record levels on Wednesday after a week-long, almost unbroken rally. Then on Thursday it had gone down steeply for the first time in a long time. In the course of the year so far, which has been marked by the upheavals of the corona pandemic, this still means that the Nasdaq 100 has gained a third in value. For the S&P 500 there is a moderate increase of 6 percent. Both are among the few indices worldwide that were able to gain at all.
Despite the corona pandemic, the situation on the US labor market brightened more than expected in August. Not only did the unemployment rate fall surprisingly significantly, but at the same time the number of employees rose slightly more than expected and hourly wages rose more than forecast.
Shares in the strong IT sector, which at times fell particularly sharply, were able to recover noticeably in some cases. After Apple’s shares in the Dow
The papers of the electric car manufacturer Tesla were found on the Nasdaq
The papers from Curevac
On the US bond market, trend-setting ten-year government bonds lost 25/32 points to 99 3/32 points and returned 0.716 percent. The euro also recovered from its heavy daily losses in the later course of US trading. The common currency was priced at $ 1.1839 at the close of the Wall Street market. The euro had temporarily dropped below the $ 1.18 mark in the wake of a strong US labor market report. The European Central Bank had set the reference rate at 1.1842 (Thursday: 1.1813) dollars. The dollar cost 0.8445 (0.8465) euros./ck/jha/
— By Claudia Müller, dpa-AFX —
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