[1/3] Traders enactment connected the level of the New York Stock Exchange (NYSE) successful New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid
- S&P 500, Nasdaq extremity league lower
- Evergrande averts default with astonishment involvement payment
- U.S. 10-year yields lower
NEW YORK, Oct 22 (Reuters) - The Dow Jones concern mean registered a grounds closing precocious connected Friday and large equity indexes posted a 3rd consecutive week of gains portion the U.S. dollar slipped.
On the day, MSCI's broadest gauge of planetary shares (.MIWD00000PUS) was flat, and the S&P 500 (.SPX) and Nasdaq (.IXIC) ended lower.
Stocks came nether unit aft Federal Reserve Chair Jerome Powell said the U.S. cardinal slope was "on track" to statesman reducing its purchases of assets. work much
Intel's banal (INTC.O)fell 11.7% and was among the biggest drags connected the S&P 500. Late Thursday, Intel reported income that missed expectations and pointed to shortages of chips holding backmost income of its flagship processors. work much
American Express Co's banal (AXP.N) gained, boosting the Dow aft the institution bushed nett estimates for the 4th consecutive quarter.
Next week brings reports from respective cardinal mega-cap names including Amazon (AMZN.O). work much
The dollar pared losses aft Powell's comments, but the dollar scale was past down 0.10% astatine 93.64, and is disconnected from a one-year precocious of 94.56 past week. work much
"There's a spot of a positioning unwind taking place. We've evidently seen a firmer dollar since the September" Fed meeting, said Mazen Issa, elder FX strategist astatine TD Securities successful New York. "That besides dovetails with the seasonal inclination for the dollar to soften into the extremity of the month."
Investors besides digested quality that China Evergrande Group (3333.HK) appeared to avert default with a root saying it made a last-minute enslaved coupon payment. work much
The Dow Jones Industrial Average (.DJI) roseate 73.94 points, oregon 0.21%, to 35,677.02, the S&P 500 (.SPX) mislaid 4.88 points, oregon 0.11%, to 4,544.9 and the Nasdaq Composite (.IXIC) dropped 125.50 points, oregon 0.82%, to 15,090.20.
The pan-European STOXX 600 scale (.STOXX) roseate 0.46% and MSCI's gauge of stocks crossed the globe shed 0.03%.
The MSCI scale posted gains for a 3rd consecutive week on with the 3 large U.S. banal indexes.
In the U.S. enslaved market, yields connected longer-dated U.S. Treasuries slid.
The output connected 10-year Treasury notes was down 1.6 ground points to 1.659% aft rising to a five-month precocious of 1.7064% precocious Thursday.
Oil roseate and ended up for the week, adjacent multi-year highs. Brent crude futures roseate 92 cents to settee astatine $85.53 a barrel, and registered its seventh play gain. U.S. crude futures gained $1.26, to settee astatine $83.76, and roseate for a ninth consecutive week. work much
Spot golden was up 0.6% astatine $1,793.82 per ounce.
Among cryptocurrencies, bitcoin past fell 2.21% to $60,841.96.
Additional reporting by Simon Jessop successful London, and Karen Brettell, Sinead Carew and Herbert Lash successful New York and Kevin Buckland successful Tokyo Editing by Hugh Lawson Mark Potter and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
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