Frankfurt/New York The ongoing corona worries overshadowed the start of the US accounting season on Friday. The Dow Jones index of standard values closed 0.6 percent lower to 30,814 points. The technology-heavy Nasdaq was down 0.9 percent to 12,998 points. The broad S&P 500 lost 0.7 percent to 3768 points.
On Thursday, the indices closed at up to 0.4 percent, the reason for this being, among other things, disappointing labor market data. The US benchmark index closed last week at 31,098 points and is now in the red on a weekly basis.
Despite the partially better than expected quarterly results, the shares of the US banks JPMorgan, Citigroup and Wells Fargo struggled. “Bank stocks have been rising for a few weeks now and there’s a lot of good news in the prices,” said one trader. Wells Fargo and Citi stocks fell nearly seven to eight percent, while JPMorgan fell nearly two percent.
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