Conclusion of the Week on the Financial Markets
Shares in the United States weakened during the trading session with the uncertainty surrounding the outcome of the Canada-United States trade talks to be concluded today.
Eventually, they ended shortly before the end of trading without agreement, and according to US Trade Representative Robert Lighthizer will be restored next week on Wednesday. It strengthened the US dollar.
The Dow Jones Index declined by 22.1 points, 0.09 percent, to 25,964.82 points. The broader Standard & Poor’s 500 Index remained almost unchanged, rising by 0.39 points, 0.01 percent, to 2901.52. The Nasdaq Technology Market Index added 21.17 points, 0.26 percent, to 8109.54 points.
Over the week, the Dow Jones Index improved by 0.67 percent, the Standard & Poor‘s 500 index widened by 0.93 percent and the Nasdaq index of 2.06 percent.
For August, Dow Jones added 2.15 percent, S & P 3.02 percent and Nasdaq 5.71 percent. For the broader Standard & Poor’s 500 index, it was the best August since 2014.
Today’s trading volume was weaker, as the US is waiting for an extended weekend. The biggest drives for all three major indices, especially for Nasdaq, were Apple’s shares. They gained 1.2 percent.
The next day he strengthened the dollar. Investors rely on it as a safe currency after the unsuccessful end of the US-US trade negotiations.
The dollar index, which expresses the value of the dollar to the basket of six major world currencies, shortly after 22:00 CET added 0.41 percent to 95.11 points. Euro to the dollar lost 0.51 percent to 1.1607 EUR / USD. For the Japanese yen, the dollar at the same time earned 0.13 percent to 111.13 USD / JPY. The Canadian dollar then strengthened by 0.53 percent to 1.3053 USD / CAD.