Moscow. December 21. U.S. stocks declined at the end of trading Friday, Standard & Poor’s 500 dropped to the lowest level in two months, the decline of indicators over the last two sessions was the highest since September, according to Bloomberg.
For the week the S&P 500 lost 0.3%, the Dow Jones Industrial Average – 0,9%, Nasdaq Composite is 0.2%. At this current for December, the Dow is the most volatile since 2008: there were 12 days when the variation of the index exceeded 100 points.
Market participants assessed the impact of increasing the interest rates of the Federal reserve system (the fed) and the prospects of weakening global growth. Negative contribution to the auction was also affected by lower oil prices and increased volatility in Asian stock markets, says MarketWatch.
Japanese stock index Nikkei 225 dropped on Friday by 1.9%, the yen gained in strength against the us dollar by 0.8% after the Bank of Japan meeting.
The Japanese Central Bank kept unchanged the targets of monetary policy, but has announced plans to increase the average maturity of government bonds in its portfolio to 7-12 years (currently years 7-10) and to expand the portfolio through launching additional programs to buy ETF of 300 billion yen ($2.5 billion).
Speaking on Friday, the heads of the fed, including Chairman of the Federal reserve Bank (FRB) of Richmond Jeffrey Lacera, did not rule out the possibility of another interest rate hike in January.
“We had a big rally after the fed meeting. But if shares continue to fall, perhaps the mood has changed, and the market no longer rallies waiting for Santa Claus, preferring to sell risky assets and move to a conservative course,” said senior portfolio Manager SkyBridge Capital Troy Gayeski.
The price of WTI crude oil fell during trading on Friday to $34,29 per barrel, but by the close of the session reduced the fall and finished it at around $34,73 per barrel (of -0.6%).
Shares of oil producers and oilfield services companies were back in the red: Transocean lost 5.7%, Chevron Corp. – 0,8%, ConocoPhillips is 2.9%.
Capitalization Of Apple Inc., Walt Disney Co. and Boeing Co. fell on Friday more than 2.7%. Indexes of banks, high-tech and consumer companies included in the S&P 500, lost more than 1.4%.
Securities course canadian BlackBerry, the smartphone manufacturer of the same name, jumped by 10.4%. The company recorded a loss for the III Fincastle, however, and an adjusted loss per share, and revenue were better than market expectations.
Stock quotes operator of restaurants Darden Restaurants Inc. increased by 7% thanks to positive quarterly reports.
The market value of Microsoft Corp. decreased by 2.8%, despite the fact that analysts at Goldman Sachs upgraded ratings of the company’s shares from “sell” to “neutral”.
The Dow Jones Industrial Average on Friday fell by 367,29 paragraph (2,10%) to 17128,55 item.
Standard & Poor’s 500 index declined 36,34 paragraph (1,78%), to 2005,55 item.
The value of the Nasdaq Composite decreased by 79,47 paragraph (1,59%) to 4923,08 item.