Binary Options Report (May 30- April 3) |
Markets
Stocks finished lower for the fifth-consecutive week Friday after the extremely disappointing government jobs report and in addition with other weak economic news throughout the week indicated signs of a slowdown.
The Dow Jones Industrial Average plummeted 97.29 points, or 0.79 percent, to end at 12,151.26. The blue-chip index recovered from a 144-point drop earlier in the session.
The S&P 500 lost 12.78 points, or 0.97 percent, to close at 1,300.16. The tech-heavy Nasdaq slid 40.53 points, or 1.46 percent to finish at 2,732.78.
DJIA
FOREX
The US Dollar fell sharply across the board on a dismal week for fundamental data out of the world’s largest economy, highlighted by sharply worse-than-expected NFP data that sparked heavy Greenback weakness. Markets seemingly refused to buy the safe haven currency despite a two percent week-over-week decline in the Dow Jones Industrial Average. Indeed, the USD’s traditional role as a beneficiary through times of market turmoil seems at risk as cross- sset correlations faded into the week’s close.
EURUSD
COMMODITIES
Oil prices were mostly flat as crude slipped 18 cents, to settle at $100.22 a barrel, while London Brent crude rose 30 cents to settle at $115.84 a barrel.
Oil
EQUITIES
While no Dow components finished the week in the positive territory, Pfizer had the least negative impact on the blue-chip index, down 0.43 percent, while Caterpillar was the biggest laggard, sliding 3.35 percent. Research In Motion sagged after at least two brokerages cut price targets on the BlackBerry maker amid concerns over the firm’s inability to tackle competition from rivals Apple and Google.
About the author: BinaryOptionStrategy- David Frank
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