Shares of US markets ended the session on Friday without clear direction, the greatest impact on trade had newly announced deal on Amazon and the latest data on the state of the US economy, reports CNBC.
Amazon announced earlier in the day that buys the chain Whole Foods for $13.7 billion or 42 dollars per share, which sent shares of companies up by 2.4% and 29%, respectively.
In turn, shares of Kroger, Costco, Target, SuperValu, Sprouts Farmers Markets and Wal-Mart sharply plunged after the news.
Analysts CFRA Tuna Amobi transaction “may lead to serious long-term disruptions in the business of food for Amazon, as the company further strengthens technological, logistic and related infrastructure with the implementation.”
The sector of consumer goods declined by over 1%, which limited the growth of the S & P 500 . Ultimately index ended the session unchanged.
The blue chip index Dow Jones industrial average hit record closing level despite the fall in shares of Wal-Mart by 4.6%, which earlier in the session weighed index.
Technological Nasdaq composite could not finish off plan, marking a decrease of 0.22%.
Investors are reflected in prices and weaker than expected economic reports and after data on new construction and consumer sentiment failed to meet forecasts.
“Overall I think part of the initial optimism that led the market up, is what is now being cooled,” says Mark Lushini, chief investment strategist at Janney Montgomery Scott.
On the bond market prices of government securities rose, influenced by new economic data. Yields on 10-year government bond dropped to 2.150 percent, while that on two-year government securities – up to 1,315%.
Economic performance also affected the currency markets, where the dollar fell against a basket of currencies. The index of the dollar fell 0.29 percent to 97.15 points, which reached a decline of 0.15 percent for the week.
The yen fell against the dollar by 0.08 percent to 110.82 dollars. However, the euro rose 0.48 percent to 1.1197 dollars, which is about a cent below seven-month high of 1.1296 dollars struck before the Fed meeting on Wednesday.
On the commodities market, oil prices rose, but still marked the fourth consecutive week of losses after the transaction OPEC to reduce production obviously cannot achieve the desired reduction of surplus stocks.
Futures on US crude oil finishiriha session on Friday at the level of 44.74 dollars per barrel with an increase of 28 cents, but with a weekly decline of 2.4%.
Futures on Brent rose 42 cents, or 0.92 percent, to 47.35 dollars a barrel. In the previous session, they dropped to 46.70 dollars per barrel, which was their weakest level since May 5.
Gold also rose slightly as investors considered that the selling after the Fed’s decision to raise interest rates on Wednesday over. Gold futures for delivery in August rose by 1.90 dollars to 1256.50 dollars per barrel.