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Friday’s Session Closed Mixed for U.S. Stocks, European Stocks Closed on a Higher Note.


London, Friday, 8 April 2022



US Markets Summary


The Dow closed in the black on Friday, gaining more than 100 points, boosted by advances in oil and financials companies, while the Nasdaq fell 1% and the S&P 500 fell 0.3 percent as a result of the tech selloff.


Despite this, markets fell on the week due to persisting concerns about economic growth as a result of out-of-control inflation and aggressive monetary policy tightening.


High-growth equities have fallen the most, as the potential of increased interest rates threatens to undercut the valuations of tech companies in particular.


The bleak outlook was exacerbated by rising tensions between the West and Russia.


New sanctions on Russia have been imposed by the United States and the European Union, including an embargo on Russian coal imports.



European Markets Summary


On Friday, European equities markets ended on a positive note, with the STOXX 600 index rising 1.2 percent and Germany's DAX rising 1.3 percent, snapping a three-day losing streak.


Almost every sector finished higher, with oil and gas stocks leading the way with a 3.2 percent gain. Investors digested a more hawkish Fed and the likelihood of tighter monetary policy around the world, as well as fears about an economic slowdown amid rising inflation and the still-unresolved conflict in Ukraine.


Meanwhile, traders will be watching the first round of the French presidential election on Sunday, as polls show far-right candidate Marine Le Pen gaining in on Macron.


On a weekly basis, European stocks registered their second weekly gain, with the Stoxx 600 gaining 0.5 percent thanks to the healthcare, utilities, and foods & beverages sectors, while the DAX fell 1.2 percent.


U.S. Stock Market Indexes as at 4:00 p.m. ET

  • S&P 500: -11.53 (-0.26%) to 4,488.68

  • Nasdaq: -186.30 (-1.34%) to 13,711.00

  • Dow Jones: +139.46 (+0.40%) to 34,723.03


European Stock Market Indexes

  • STOXX Europe 600: +5.95 points, or 1.31%, to finish at 460.97 points

  • FTSE 100 in London: +117 points, or 1.56%, to 7,669

  • DAX 30 in Germany: +points, or 1.46%, to end the day at 14,283

  • CAC 40 in France: +86 points, or 1.34%, to close at 6,548

  • FTSE MIB 30 in Italy: best performer of the day, + 516 points, or 2.13%, to 24,819

  • IBEX 35 in Spain: +139 points, or 1.64%, to end the day at 8,606


Other markets

  • Ten-year U.S. Treasury note: +6.1 bps to yield 2.7130%

  • Dollar index: +0.11 or +0.11% at 99.86 as on Apr 8, 2022 4:22 p.m. EDT

  • VIX volatility index: −0.39 (1.81%) at 21.16 as on 8 Apr, 15:15 GMT-5


Oil prices

  • Brent Crude Oil Continuous Contract: -0.02 or -0.02% at $ 102.71 per barrel as on Apr 8, 2022 at 9:26 p.m. BST

  • Crude Oil WTI (NYM $/bbl) Front Month: +2.02 or + 2.10% at $ 98.00 per barrel as on Apr 8, 2022 at 4:27 p.m. EDT


Precious metals

  • Gold: + +12.16 or +0.63% at $1,945.64 an ounce as on April, 08 2022 at 16:38 NY Time

  • Silver: +0.11 or +0.47% at $ 24.75 an ounce as on April, 08 2022 at 16:38 NY Time


Cryptocurrencies

  • Bitcoin: −668.50 (1.54%) at $ 42,783.60 as on 8 Apr, 20:40 UTC

  • Ethereum: +17.95 (0.56%) at $ 3,245.22 as on 8 Apr, 20:39 UTC


(Written and edited by: The Decision Maker)