Mixed sentiment ruled the trade exchanges overseas in the last session of this week. The markets were influenced by the recovery of energy companies after sell-offs in the previous days and the rise of technology companies, says CNBC.
Investors in the health sector are looking forward to the new health law that would replace Obamacare. Expectations are that the reform will bring new subsidies for companies in the sector, which significantly raised expectations and investor interest.
The Dow Jones rose a modest 10 points, as the losers were shares of Goldman Sachs, and was most profitable UnitedHealth. The health sector was leading in the S&P500 index and rose more than 1 percent on the day. The broader S&P 500 rose from 0.16 percent to 2,438.3 points, an increase of 0.2% for the week.
As a result, Nasdaq added 0.46% to its value and closed the week at 6,265.25 points, an increase of 1.9 percent for the week, calculated Market Watch. Support proved presentation and companies in the health sector, which accounted for a good week with growth of over 3%.
Meanwhile Dow Jones finished in red territory with minimal decline of 0.01% to 21 394.76 points, its presentation was heavy trade in Home Depot. The blue chip index ended the week almost at the same level at which started erasing initial gains earlier in the week.
Oil recorded the longest series of weekly decline, fourth on the price from 2015 onwards, calculated Market Watch. In today’s session, light sweet crude for August delivery rose 0.6 percent to 43.01 dollars per barrel. For the week, however, this is a drop of 4.4 percent.
European grade Brent reached a price of 45.54 dollars per barrel at the end of the session. This represents growth of 0.7 per cent, but the price for the week decreased by 3.9%.
The value of the dollar went down against major currencies on the market under the pressure of data growth in business activity in the euro area. One euro was exchanged for 1.1199 dollars against 1.1152 dollars per euro on Thursday.
The price of gold rose 0.6 percent to 1 256.40 dollars a troy ounce, which is a slight decrease compared to the previous week.