Dow, this week’s total 1.8%↑… Nasdaq fell 2%
The Nasdaq fell 2% this week, while the Dow totaled 1.8% this week as investors moved from tech stocks to economic recovery stocks.
On the 5th (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Market closed at 31,496.30, up 572.16p (1.85%) from the closing price of the previous trading day.
The Standard & Poor’s (S&P) 500 index rose 73.47p (1.95%) to 3841.94, while the Nasdaq composite index rose 196.68p (1.55%) to 12,920.15, closing the market.
These indices turned upward on the same day after falling for the third consecutive trading day.
The Dow index rose a total of 1.82% this week, turning the weekly rate of change from a decline last week to an increase. After falling for the second consecutive week, the S&P 500 index turned upward with a total increase of 0.81% this week, and the Nasdaq index continued to decline for the third consecutive week, falling 2.06% this week.
The Wall Street Journal reported that the week ended with investors moving away from large tech stocks and continuing to switch to a cyclical sector affected by the economic recovery.
In addition, the media analyzed the stock market situation, saying that the stock price has declined in the last few weeks as the rise in bond yields has become suspicious of the continued low interest rate, which has led to higher value gains over the past year.
Major European stock markets fell all at once. On this day, the UK London Stock Exchange FTSE 100 index closed 0.31% from the closing price of the previous trading day to 6630.52, and the German Frankfurt Stock Exchange DAX 30 index fell 0.97% to 11,920.69.
France’s Paris CAC index fell 0.82% to 5782.65, while the pan-European index Euro Stoxx 50 closed at 3669.54, down 0.95%.
International oil prices have risen and gold prices have fallen. On that day, the price of West Texas crude oil (WTI) in April on the New York Commercial Exchange soared $2.26 (3.5%) per barrel to $66.09, and on the New York Merchandise Exchange, the price of gold per ounce of April was $2.2 (0.1%) from the previous trading day ) Closed down at $1698.50.
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