Thursday , January 28 2021

Wall Street was weaned on Friday

It dropped 1.77% of the US Dow Jones index.

23 Mar 2019 16:22 TASR

NEW YORK. Wall Street fired on Friday (March 22). The US Dow Jones Industrial Average key has fallen by more than 450 points and the widest S & P 500 has been from January to January. For this reason, due to economic prospects.

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The bad data in Germany and the euro area has once again caused fear in the world economy. There were other negative impacts on the US debt market.

On Friday, for the first time since 2007, US profits were reversed, with 10-year bonuses earning less than three months, which is a sign of a coming recession.

The Dow Jones Industrial Average index dropped 460.19 points on Friday or 1.77%, 25,502.32 points. Last week it lost 1.3%.

The wider index of S & P 500 fell 1.90% on Friday to 2800.71 points. Since January 3, the highest decrease has been 1 day.

The Nasdaq Composite Index dropped 2.50% with a total of 7,442.67, with great titles titled Facebook, Amazon, Netflix, Alphabet and Apple.

"There is a lot of concern and they are growing. Fear of recession is growing," said Peter Cardillo, Spartan Capital Securities economist. "The result is a market that is part of the optimism that goes into the odd part".

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