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US. Stock prices fluctuated between small gains and losses on Friday. They struggled to maintain the momentum of a two-day winning streak after a week of volatile trading. The energy companies made a wide slide in the late afternoon. The shares of smaller companies outperformed the rest of the market.
MAIN EVALUATION: The S & P 500 Index fell 4 points or 0.2 percent to 2,484 (as of 3:29 pm). Easter. The Dow Jones Industrial Average fell 93 points or 0.4 percent to 23,045. The Nasdaq added up to 6,586 by 7 points, or 0.1
On Thursday, the Dow lost 600 points and finished the session up 260 points. The swing was a sign of the volatility that had shaped the stock market in December. Friday has seen its own fluctuations, albeit less dramatically.
THE QUOTE: "It seems that curvatures in both directions have been the norm for most of December, and that was certainly the case this week," said Eric Wiegand, senior portfolio manager for Private Wealth Management at the US bank. "The initial boost and a little bit of easing, if it wears off a bit, may be a bit more of a normal environment, reflecting the fact that we still have a number of issues that outrage the market."
VOLATILE WEEK: Volatility was the norm in December as investors worried that the tense US-China trade dispute and higher interest rates would slow the economy and hurt corporate profits. The Dow fell 2 percent or more in six trading sessions and rose 5 percent on Wednesday. The sharp downturn in the market since October has worsened this month, reversing all gains in 2018 and bringing the S & P 500 nearer its worst year since 2008. Even with the two-day earnings series reaching Friday, Dow, S & P 500 and Nasdaq are all over 9 percent for the month, and stock prices are on track for the worst December since 1931.
"The market is much cheaper than the fourth quarter, and we believe we see some of the price trend The fourth quarter was more of a panic and a recession," said Janet Johnston, Portfolio Manager, TrimTabs Asset Management. "And that offers a good buying opportunity."
ENERGY: Oil prices rebounded after swaying in the morning trade. US crude oil rose 1.6 percent to $ 45.33 a barrel in New York. Brent crude oil, used at the price of international oil prices, rose 0.1 percent in London to $ 52.20 a barrel.
Despite the rise in oil prices, energy stocks fell. Cabot Oil & Gas fell 3.7 percent to $ 22.88, while Hess declined 2.1 percent to $ 40.66. SETTLE & PAY: Wells Fargo rose 1.2 percent to $ 46.06 after the lender had agreed to pay $ 575 million in a national settlement with prosecutors to general over its fake bank accounts scandal. The San Francisco-based bank announced in 2015 that its employees opened millions of unauthorized bank accounts for customers to achieve unrealistic sales goals.
MORE OVERVIEW: Tesla climbed 5.3 percent to $ 332.96 after two independent directors on its board were appointed under a new board agreement with federal regulators.
HOUSING SLOWS: Home builders fell largely this morning after the National Association of Realtors announced that the index of pending home sales had fallen in the last month as fewer Americans signed home buying contracts. Higher mortgage rates and prices are pushing potential buyers out of the market, especially in the West. The stocks recovered mostly in the afternoon. William Lyon Homes rose 3.4 percent to $ 10.81.
BOND YIELDS: The bond prices rose early and then gave way. The yield of the 10-year treasury was 2.74 percent.
CURRENCY: The dollar fell from 110.74 yen on Thursday to 110.41 yen. The euro weakened from 1.1449 USD to 1.1442 USD.
METALS: Gold rose 0.1 percent to $ 1,283 an ounce and silver rose 0.8 percent to $ 15.44 an ounce. Copper rose 0.5 percent to $ 2.68 a pound.
MARKETS OVERSEAS: In Europe, the German DAX rose by 1.7 percent and the French CAC 40 by 1.7 percent. The London FTSE 100 gained 2.3 percent. Most of the major indices in Asia were higher. Tokyo's Nikkei 225 fell 0.3 percent, while Hong Kong's Hang Seng rose 0.1 percent. Seouls Kospi gained 0.6 percent. The Indian Sensex gained 1 percent. Benchmarks in Taiwan, New Zealand and Singapore also increased.