Nasdaq records worst week since March

Friday, 11. September 2020 22:03

Wall Street trading session ended mixed on Friday with tech companies influencing the markets. Nikola Motors' stocks fell over 14.5% after Citron Research publicly supported Hindenburg for "exposing" Nikola for deceiving investors and media to "cash out $70 million." In business news, Instagram's Chief Executive Adam Mosseri claimed the TikTok ban would lead to a "fragmented internet".

The Dow Jones Industrial Average increased 0.48% at the close as Nike Inc. topped the chart with 0.48%. The Nasdaq 100 had its worst-performing week since the late March stock crash, falling 0.60% to end the week with DocuSign leading the losses at 3.89%. The S&P 500 moved up 0.05% as the session ended with Huntington Ingalls Industries Inc. stocks increasing by 6.94%.

The euro rose by 0.21% against the dollar to go for $1.18399 at 4:05 pm ET.

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Breaking the News / AM