Around 7 p.m., the broader index dropped 1.47% to 3,843 points while the Nasdaq fell 2.43% to 11,111.50 points and the Dow Jones fell below the 31,000 point mark.
The New York Stock Exchange, which had attempted a rebound in early trading on Friday, reversed course, still mindful of the impact of inflation, sending the S&P 500 into bear market territory and dropping the Nasdaq by more than 2%.
At mid-session, the S&P 500, the most representative index of the American market, fell into “bear market” territory, implying a fall of 20% since its last peak.
Around 5:00 p.m. GMT, it fell by 1.47% to 3,843 points.
The high-tech Nasdaq dropped 2.43% to 11,111.50 points, almost 30% below its peak, while the Dow Jones fell 1.30% to 30,843 points.
The New York indices, shaken for weeks by the repercussions of inflation in the United States and around the world, are heading for a seventh week of losses in a row for the Nasdaq and the S&P and eighth for the Dow Jones. .
This week, stocks were dragged into a downward spiral caused by lackluster results and prospects announced by US retail groups.
They warned that rising costs were cutting into their margins and sales and starting to change the way consumers buy.
The latest group to date, the discount ready-to-wear chain Ross Stores lost a quarter of its stock market value (-24.27%) following reporting disappointing sales. The Target (-0.76%) and Walmart (-0.81%) chains, very hectic this week, started to fall once more.
