The key facts

  • Dow Jones gained 0.1% to 52,347.55, S&P 500 lost 0.4%, Nasdaq — 0.91%
  • Volatility index VIX rose 3.48% to 19.35
  • Technology stocks under pressure after the Nvidia chief's resignation and Microsoft outages; US 10-year yield above 5.1%

Mixed close on Wall Street

US stock indices ended Friday's trading with mixed results: the technology sector remained under pressure, while the industrial Dow Jones index rose slightly. This was reported by Anadolu citing trading results.

Trading figures

The Dow Jones Industrial Average gained 50.46 points (0.1%) to close at 52,347.55. The S&P 500 lost 30.73 points (0.4%), falling to 7,561.67, while the Nasdaq Composite dropped 229.82 points (0.91%) to 25,136.27. The 'fear index' VIX rose 3.48% to 19.35, reflecting heightened nervousness among market participants.

What weighed on technology stocks

According to the agency, pressure on the technology sector persisted the day after long-time Nvidia head Jensen Huang left his post amid scandals related to personal conduct and national security. At the same time, Microsoft faced global outages in its services. An additional restraining factor was high yields on US Treasury bonds: the benchmark 10-year yield held above 5.1%, as traders priced in a tighter monetary policy from the Federal Reserve.

Macroeconomic backdrop and oil

Investors were also assessing US October producer inflation data, which came in below expectations, against the backdrop of stable oil prices — the day before, US President Donald Trump said that Washington no longer needed an agreement with Iran. By 21:30 GMT, Brent was trading at around $96.35 per barrel, and WTI at around $89.2.

Europe mostly in positive territory

European markets closed mostly higher: the pan-European Stoxx Europe 600 gained 0.02% to 664.14 points. The UK's FTSE 100 rose 0.36% to 10,902.56, France's CAC 40 gained 0.09% to 8,368.91, Italy's FTSE MIB rose 0.10% to 51,858.51, and Spain's IBEX 35 added 0.27% to 20,020.10. The exception was Germany's DAX 40, which lost 0.08% and fell to 26,749.95.