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In Money Matters

Wall Street mixed before the weekend

4th February 2019

Wall Street mixed before the weekend Pin It

The US stock markets on Friday were mixed. Investors reacted on disappointing results of Amazon retailer. Also Wall Street was influenced by monthly jobs report from the Labor Department.

The Dow-Jones index (DJIA) closed 0.3 percent higher at 25.063,89 points. The broad S&P 500 rose 0.1 percent to 2706,53 points and technology-heavy Nasdaq yielded 0.3 percent to 7263,87 points.

Amazon was 5.4 percent down. Internet retailer posted the important fourth quarter report. Despite a 20 percent increase in sales to 72,4 billion it was lower than expected.

Jobs report

The US jobs report is always closely watched because the figures may have an impact on the interest rate policy of the Federal Reserve. Employment in the United States in January shows much stronger increase than experts had expected. On the other hand, the job growth from December was significantly revised downwards.

The euro stood at 1,1459 dollar, against 1,1475 dollar at the close of the European stock markets earlier in the day. A barrel of Us oil rose 2.8 percent in price to 55,30 dollar. Brent was 3.3 percent more expensive on 62,81 dollar per barrel.

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