© Reuters. Market: Wall Street suffered some profit-taking
Expected to increase, Wall Street has finally gone the way of the down on Friday morning, suffering some profit-taking logic after the spectacular gains registered this year.
The Dow Jones fell by 0.2% to 24.798 points and the Nasdaq Composite 0.3% to 6932 points.
If it fails to establish new highs beyond of 2695 points, the S&P is still going to show its best performance since 2013, with gains of nearly 20%.
This score was flattering nevertheless seems to be pushing some investors to take their profits while some strategists are predicting a fiscal year 2018 less successful for the us equity markets.
‘Well far be it from us to book in a financial apocalypse, or a sudden collapse in asset prices, the year 2018 is expected to maintain the context idyllic current’, predict the teams of Pimco.
‘However, investors must prepare for the impacts of certain policy decisions as well as a less favorable situation’, says the asset manager.
On the front of the values, Goldman Sachs (NYSE:GS) is losing 1.2 percent after it warned that the tax reform would result in a reduction of the order of five billion dollars of its results in respect of the fourth quarter of 2017.
Apple (NASDAQ:AAPL), folds to 0.8% after the publication of a press release in the form of a mea culpa in which the group california recognizes to have constrained the performance of its older iPhones.
As is often the case at the end of the year, trading volumes are expected to remain particularly weak, while the markets will be closed Monday for the New Year.
This last meeting of the year will also be remembered by the refranchissement of 60 dollars per barrel on the NYMEX, oil confirming its symmetrical development relative to the dollar, which ceded even more ground against the euro at around 1.20 in the face of the single currency.
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