The Dow Jones rose 2.51%, the Nasdaq technology index gained 1.64% and the expanded S&P 500 index also rose 2.24%, according to preliminary results. For its part in Europe, the main indices recovered after having lost around 4% on Thursday. Paris gained 1.2%, London 1.6%, Frankfurt 0.8%, Milan 1.1% and Madrid 0.7%.
In turn, the Moscow stock market recovered 26%. As for the Asian stock markets, the main indices closed higher. Tokyo gained 2%, although its weekly balance was negative (-2.4%). Shanghai rose 0.6% this day but Hong Kong gave up 0.6%.
how the month ended
Despite having closed the last two sessions of January in a very positive way, the S&P 500 ended the month with a negative variation of 2.9%. In this way, the main benchmark closed two consecutive months with losses. Something that had not happened since September and October 2020.
For its part, the Nasdaq 100, the popular index of technology companies, had a more abrupt fall and reached 5.15%. The Dow Jones, in turn, had a decline similar to the S&P500, and fell 3.05%.
“The negative performance of the US indices responded largely to the recent change in expectations about the actions of the US Federal Reserve in the face of persistent inflation,” the operators said, adding that the conflict between Russia and Ukraine also added volatility.
commodities
The price of a barrel of Brent oil broke above the $100 level for the first time since August 2014. In turn, agricultural commodities such as soybeans and wheat also reacted frantically after Russian forces launched an attack on Kiev.
In line with these events that had a negative impact on the market, which for several weeks had been anticipating an “imminent invasion” that finally occurred, most of the ETFs that replicate the sectors of the North American economy operated with losses during this month .
Nevertheless, The energy sector ETF (XLE) again stood out from the pack, rising 4.5% since the start of February.
Source: Ambito
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