Lola Evans
15 Jan 2022, 08:05 GMT+10
NEW YORK, New York - American and global stock markets traded lower on Friday as U.S. Treasury and European bond yields rose. Towards the close however, the Nasdaq Composite managed to climb into the black, while the Standard and Poor's 500 managed to finish flat.
The dollar clawed back some ground after major falls over the past three days.
"We are now entering a period where the Federal Reserve will engage in a never-before-seen experiment: raising interest rates off zero and reducing the size of its balance sheet in the same year," Nicholas Colas, co-founder of DataTrek Research told Reuters Friday.
"The market is still left wondering what results will come from their decisions," he said.
The Dow Jones industrials dropped 201.81 points or 0.56 percent to close Friday at 35,911.81.
The Nasdaq Composite rose 86.95 points or 0.59 percent to 14, 893.75.
The Standard and Poor's 500 finished 3.82 points or 0.08 percent in front at 4,662.85.
The U.S. dollar traded modestly higher Friday. The euro rose to 1.1414 by the New York close. The British pound edged down to 1.3679. The Japanese yen fell to 114.18. The Swiss franc eased to 0.9136.
The Canadian dollar weakened to 1.2553. The Australian dollar declined to 0.7217. The New Zealand dollar dived to 0.6809.
The CAC 40 in Paris, France shed 0.81 percent. The Dax in Germany lost 0.93 percent. The FTSE 100 in London slipped 0.28 percent.
On Asian markets, in Tokyo, the Nikkei 225 finished Friday with a deficit of 364.85 points or 1.28 percent at 28,124.28.
The Australian All Ordinaries tumbled 80.40 points or 1.03 percent to close at 7,717.10.
The Hang Seng in Hong Kong shed 46.45 points or 0.18 percent to 24,383.32.
China's Shanghai Composite lost 34.00 points to 0.96 percent to 3,521.26.
Get a daily dose of Australian Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Australian Herald.
More InformationWASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
OTTAWA, Ontario: Military trainers from Canada will head to the United Kingdom to teach Ukrainians new techniques for fighting the ...
SANTA BARBARA, California - Australian singing sensation and actress Olivia Newtown-John has died at the age of 73."Dame Olivia Newton-John ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
Melbourne [Australia], August 11 (ANI): Australia men's cricket team have donated their prize money from their recent tour of Sri ...
Manchester [UK], August 11 (ANI): On this day in 2005, late Australian spin maestro Shane Warne became the first bowler ...
The redevelopment of the 22-hectare Barangaroo precinct on Sydney Harbour has long been a masterclass in poor urban development governance ...
The tragic case of Annie Moylan, who died in Melbourne in 2017 from sepsis, when 18 weeks pregnant, has put ...