US closes in green following mixed sentiments

Friday, 24. September 2021 22:00

Major stock markets in the United States closed in the green territory on Friday reversing some of the earlier losses following a volatile trading week. Most concerns revolved around Chinese property giant Evergrande who failed to deliver interest rate payments to investors valued at $83.5 million. Traders fear that the collapse of one of the largest companies in the second-largest economy in the world will pull down the entire global growth.

Tech shares experienced a dip after China announced all cryptocurrency-related activities illegal, including overseas crypto exchanges that extend their services to mainland China. Meanwhile, Federal Reserve raised overall sentiments delaying the tapering of its bond-buying program.

The Dow closed with 0.10% above the flatline led by Salesforce gaining 2.80%, while the S&P 500 rose by 0.15% as Costco grew by 3.31%. The Nasdaq 100 advanced by 0.09% with Match Group increasing by 3.97%. The euro lost 0.19% against the dollar to exchange hands for $1.17168 at 4:01 pm ET.

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Breaking the News / LH