The major European indices are mostly closing lower. The UK FTSE 100 rose by +0.05%. France’s CAC fell by -0.03%.
A look at the closing levels shows:
- German DAX, -0.78%
- France’s CAC, -0.03%
- UK’s FTSE 100 +0.05%
- Spain’s Ibex, -0.99%
- Italy’s FTSE MIB -0.51%.
For the trading week all the major indices fell by 2% or more:
- German DAX, -3.27%. The decline was the same as the decline from July 28 trading week and the largest fall since March 31.
- France’s CAC fell by -2.34%, it supports the trading week since August 25
- UK’s FTSE 100 fell -1.71% for its trip 4 is trading week since March 31
- Spain’s Ibex fell -3.21%, it’s worst trading week since March 31.
- Italy’s FTSE MIB fell -3.03%, it’s worst week also since March 31.
As London/European traders look for the exits, the US stock indices have push back into positive territory in what has been a very volatile trading day. Earlier in the day both the S&P and the NASDAQ indices broke below there 100 day moving averages. However each have push back above those levels. A snapshot of the US indices currently shows:
- Dow industrial average +412 points or 0.90% at 46171.
- S&P index up 46.99 points or 0.72% at 6586.51.
- NASDAQ index up 116 points or 0.52% at 22190.17.
For the trading week:
- Dow industrial average is down -2.09%
- S&P index is down -2.21%
- NASDAQ index is down -3.08%
This article was written by Greg Michalowski at investinglive.com.