Dow Jones Industry Average fell on weak labour market data on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Blue chip stocks plunged 0.96% on Friday after dispiriting US jobs report. Traders turned to safe-haven assets as analysts are not convinced that the Fed will launch more easing measures to stimulate sluggish economic recovery in the nearest term. Technology and base materials sectors were the worst performers in the index, losing 1.95% and 1.54%. IBM, Microsoft and Intel Corp all tumbled 1.99%, 1.68% and1.49%, respectively. Alcoa declined 2.05% after experts revised down profit estimates for the company amid oversupply of aluminum in the market and weakening light metal's prices.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.