US markets close lower amid earnings

Friday, 22. January 2021 22:02

Stock markets on Wall Street closed lower on Friday as investors digested worse-than-expected results from tech companies.

The Dow Jones Industrial Average index lost 0.57% closing at the lowest point this week. The Nasdaq 100 declined by 0.29% having Intel as the worst performer with a 9.29% drop after a reported software hack forced the company to publish its earnings early. S&P 500 decreased by 0.30% at the close, while IBM was pulling the index down with a 9.95% fall.

The euro was flat compared to the dollar, changing hands for 1.21682 at 3:59 pm ET.

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Breaking the News / LH