Wall Street closes negative week; investors take profit for Omicron

The three main stock indices of the US market closed with strong weekly losses this Friday. The Nasdaq led the decline that was caused by profit taking at a time when uncertainty about the advance of the new Covid-19 Omicron variant.

The index Nasdaq, which has a high technological component, ended the week with an accumulated loss of -2.62%, at a level of 15,085.47 units. Behind him stood the benchmark S&P 500, with -1.22% to 4,538.43 points. The Industrial Average Dow Jones fell -0.94% to 34,580.08 points.

Although there is no news about this new mutation of the coronavirus, investors chose to take profits so as not to expose themselves to possible negative information over the weekend. The Nasdaq fell as much as 3% on the day, dragged down by titles of large technology firms that fell.

The actions of Apple Inc, the largest issuer by value by capitalization, recorded its third consecutive decline, with a loss of -1.17 percent. The papers of Microsoft Corp, the second largest station, yielded -1.97%, and Meta Platforms, before Facebook, lost in the session -1.14 percent.

Economic figures were added to the concerns related to the pandemic, as this day it was announced that in November the United States economy created 210,000 jobs, less than half of what analysts expected, at a time when the Fed prepares to cut your stimulus further.

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Reference-www.eleconomista.com.mx

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