For its part, the largest decreases were for Mercado Libre (-4.6%), Alibaba (-3.8%), and Paypal (-1.5%). As for the Cedears ETF, ARKK, which replicates the innovation sector, fell 3.1%, while the SPY rose 1%.
This Friday, Wall Street stocks were mostly stabilizingfollowing a tech-driven rally and Treasury yields hitting new highs.
Operators maintain that the markets are still assessing a world with high interest rates and what the effects of Russia’s war in Ukraine will continue to be.
The Dow Jones Industrial Average was up 0.2% at 34,793.89; the S&P 500 index rose 0.3% to 4,534.28 units; and the Nasdaq Composite fell 0.4% to 14,145.16 units.
The New York Stock Exchange ended Friday with mixed results, struggling to maintain the momentum of the last two weeks although pressured by poor macroeconomic indicators.
The Dow Jones rose 0.44%, the Nasdaq fell 0.16% and the S&P 500 gained 0.51%
Source: Ambito
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