In February, the S&P 500 fell 2.9%. For its part, the Nasdaq sank 5.15%. The Dow Jones, in turn, had a decline similar to the S&P500, and fell 3.05%.
what happened this friday
The Cedears closed mixed this Friday, among the most traded papers. For its part, the main Wall Street indices rose up to 2.5% in tune with the European and Asian stock markets that recovered after the announcement of economic sanctions by the United States against Russia for the war actions in Ukraine.
The biggest increase was recorded by Square, which grew 27%. What happened is that Block Inc., the digital payments firm run by Jack Dorsey, reported fourth-quarter revenue that beat projections and gave an unexpectedly positive outlook for 2022.
This day also rose the steel producer US Streel (+10.2%) and Mercado Libre (+6.6%). In the case of the US company, it benefited from the rise in the prices of raw materials. This week aluminum hit record highs and nickel hit highs in more than a decade. The price spike came on concern that the Ukraine crisis would further exacerbate supply shortages.
The main drops, meanwhile, were Banco Bradesco (-2.7%), Alibaba (-1.3%) and Netflix (-1.1%). For its part, Cedears ETFs recovered gradually. Thus, the ETF that corresponds to the financial sector led the rises with 2.7%, followed by the innovation one with 1.7% and the greatest decrease was for the MSCI Brazil (-1.2%).
On Wall Street, the main indices ended Friday with a second consecutive rise, caused by a technical rebound as well as good macroeconomic indicators, although Ukraine remains in the spotlight.
The Dow Jones Industrial Average 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.
Source: Ambito
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