On the stock exchange in New York, the star index Dow Jones is on an unprecedented loss series. The index closed with a loss for the eighth week in a row on Friday. The last time the leading indicator closed with a loss for such a long period in a row was barely a hundred years ago. Investors seem particularly concerned about high inflation.
The Dow Jones closed marginally higher at 31,261.90 points on Friday after a heavily fluctuating session. For the whole week, the indicator ended with a loss of 4 percent.
The broad-based S&P 500 index closed flat on Friday at 3,901.36 points, while the technology indicator Nasdaq fell 0.3 percent to 11,354.62 points. It was the seventh consecutive week of losses for these indices.
Deere lost 14 percent. The agricultural machinery manufacturer recorded less turnover last quarter than analysts had expected. This was mainly due to supply chain problems and rising inflation. The latter puts pressure on investments by agricultural entrepreneurs, among other things.
Aircraft manufacturer Boeing fell 5 percent despite the successful launch of its Starliner spaceship. The unmanned spacecraft is on its way to the International Space Station after months of delays.
Automaker Ford lost 2.7 percent of its market capitalization. A sales ban for the group may soon apply in Germany, writes the German weekly Wirtschaftswoche. The American producer would use chips in the cars for which it does not pay license fees. Holders of the patents then went to court. He now ruled that there will be a sales ban, unless the company arranges the licenses in the short term. Ford can still appeal the verdict.
Bel20 index bounces
The Brussels stock exchange broke the negative trend on Friday. The Bel20 index jumped 0.78 percent to 3,923.17 points. The Dutch AEX index also ended the trading week with a plus after the recent price pressure.
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