Big News Network.com
22 Mar 2025, 01:37 GMT+10
NEW YORK, New York - Uncertainty continues to plague investors on Wall Street with Friday's trading being volatile and weak. The major indices traded in and out of negative territory, but managed to eke out minor gains at the close.
"Companies are increasingly citing confusion and uncertainty around their planning and capital spending and hiring decisions, and when they pause, it means that they're slowing down," Michael Green, chief strategist at Simplify Asset Management told CNBC Friday. "There's an element of that playing out in the markets," he said.
Following are Friday's closing quotes for the major U.S. stock indexes:
S&P 500: The Standard and Poor's 500 edged up by 4.68 points, or 0.08 percent, closing at 5,667.57. This slight gain was underpinned by advances in select sectors, although broader market sentiment remained cautious.
Dow Jones Industrial Average: The Dow Jones Industrial Average increased by 32.00 points, also rising 0.08 percent, to end at 41,985.32. The modest uptick reflects a market grappling with mixed economic signals and geopolitical concerns.
NASDAQ Composite: The NASDAQ Composite outperformed other indices, climbing 92.42 points, or 0.52 percent, to close at 17,784.05. The technology-heavy index benefited from gains in major tech stocks, contributing to its relative strength.
U.S. dollar finishes week on high note
The U.S. dollar continued to strengthen Friday, crash-tackling the high flying British pound and euro, which had looked like toppling the crucial technical levels of 1.3000 and 1.1000. However they came crahsing down to earth Friday as the greenback notched up across-the-board gains.
EUR/USD:
The euro weakened against the U.S. dollar, with the EUR/USD pair declining by 0.30 percent to 1.0815. This depreciation is attributed to growing expectations of the European Central Bank (ECB) implementing rate cuts, driven by softer economic data.
USD/JPY:
The dollar strengthened against the Japanese Yen, with the USD/JPY pair rising by 0.33 percent to 149.27. This movement reflects the dollar's overall resilience amid global economic uncertainties.
USD/CAD:
The USD/CAD pair saw an uptick of 0.18 percent, to 1.4348. The Canadian dollar's slight depreciation against the U.S. dollar aligns with the broader trend of USD strength during the trading session.
GBP/USD:
The British Pound declined, with the GBP/USD pair falling by 0.37 percent to 1.2917. This decrease followed the Bank of England's decision to maintain interest rates at current levels, coupled with concerns over rising global trade tensions impacting economic growth.
USD/CHF:
The dollar appreciated against the Swiss Franc, with the USD/CHF pair increasing by 0.23 percent to 0.8831. This reflects the dollar's broad-based gains amid a cautious market environment.
AUD/USD:
The Australian Dollar weakened against the U.S. Dollar, with the AUD/USD pair declining by 0.49 percent to 0.6271. The risk-sensitive Aussie faced pressure amid global economic uncertainties and trade tensions.
NZD/USD:
The New Zealand Dollar also depreciated against the greenback, with the NZD/USD pair falling by 0.45 percent to 0.5731. Similar to the Australian Dollar, the Kiwi's decline is linked to heightened risk aversion in the markets.
Global stock markets end week divided, UK, European and Canadian shares fall, Asian equities close mixed
Global stock markets saw across-the-board declines in Europe, the UK and Canada on Friday. Shares in Hong Kong fell more than two percent, while the Shanghai Composite in China, and Japan's Nikkei 225 also notched up losses. Following are Friday's closing quotes for key world indices:
Canadian Market:
UK and European Markets:
Asian Markets:
Middle East
Middle East markets were mostly closed on Friday, and will re-open on Sunday.
African Markets:
Related stories:
Thursday 20 March 2025 | Wall Street struggles as continued continued uncertainty grips markets | Big News Network
Wednesday 19 March 2025 | U.S. stocks advance after Fed leaves interest rates unchanged | Big News Network
Tuesday 18 March 2025 | Sellers return to Wall Street, Nasdaq Composite drops 305 points | Big News Network
Monday 17 March 2025 | U.S. stocks rally continues Monday, Dow Jones adds 353 points | Big News Network
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