AA / Istanbul / Ovunc Kutlu
The Dow Jones index closed trading on Friday with a new record, while the main US indices recorded weekly gains of more than 1.3%, helped by the massive reduction in interest rates by the US Federal Reserve (Fed).
The US index rose 38 points, or 0.09%, to close trading at 42,063 points. It thus recorded a weekly gain of 1.62%.
The S&P 500 index, on the other hand, fell 11 points, or 0.19%, to 5,702 points, but still managed to achieve a weekly increase of 1.36%.
The Nasdaq lost 65 points, or 0.36%, to end the day at 17,948. The tech-heavy index gained 1.49% this week.
The VIX volatility index, known as the “fear index,” fell 1.1% to 16.15 points. The yield on the 10-year U.S. Treasury rose 0.85% to 3.740%.
The US dollar index rose 0.18% to 100.80 points, while the European currency, the euro, fell 0.04% against the dollar, to an exchange rate of 1.1157 dollars.
Precious metals were in the green, with gold gaining 1.3% to $2,620 an ounce, while silver rose 1% to $31.09.
Crude prices fell about 0.2%. Brent, the global oil benchmark, traded at $74.60 per barrel, while the U.S. benchmark West Texas Intermediate crude traded at $71.13 per barrel.
* Translated from English by Mounir Bennour.
