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US markets choppy after torrid week | US markets choppy after torrid week |
(about 3 hours later) | |
US stock markets experienced choppy trade on Friday, slipping lower as the morning progressed. | US stock markets experienced choppy trade on Friday, slipping lower as the morning progressed. |
After opening higher, the Dow, S&P 500 and Nasdaq turned modestly negative, a reversal that extended a turbulent period for markets. | After opening higher, the Dow, S&P 500 and Nasdaq turned modestly negative, a reversal that extended a turbulent period for markets. |
The shift in sentiment has hit share prices around the world. | The shift in sentiment has hit share prices around the world. |
European markets, though, continued in strong positive ground. The FTSE 100 share index closed up more than 2.2% at 6,733.97 points. | European markets, though, continued in strong positive ground. The FTSE 100 share index closed up more than 2.2% at 6,733.97 points. |
In Germany, the DAX gained about 1.7%, while France's CAC index also rose about 1.7%. | |
The sharp swings in prices continued this week, though analysts cautioned that movements were exacerbated by the lower dealing levels seen during holiday trading. | The sharp swings in prices continued this week, though analysts cautioned that movements were exacerbated by the lower dealing levels seen during holiday trading. |
Many markets have had a dismal year. | Many markets have had a dismal year. |
Japans' Nikkei has suffered its first annual loss in seven years, while Germany's Dax index closed the year down about 18% - the biggest annual loss in a decade. | |
On Friday, Japan's Nikkei 225 ended 0.31% lower at 20,014.77, while Hong Kong's Hang Seng index closed flat, at 25,504.20. | |
US shares have been hit this week by weaker than expected home sales and consumer confidence data. | |
Concerns about US-China trade tensions also resurfaced, with reports saying US President Donald Trump is considering an executive order banning the use of Chinese technology. | Concerns about US-China trade tensions also resurfaced, with reports saying US President Donald Trump is considering an executive order banning the use of Chinese technology. |