US stocks continued their decline for the second day in a row at the end of the trading session on Friday, September 30, 2022, (end of week’s trading), with continued concern regarding the stagnation of the economy, and with the anticipation of interest rate hikes by the Federal Reserve.
American indices in the session Friday, September 30, 2022
The Dow Jones Industrial Average declined during Friday’s trading, by 1.7%, or 500 points, to close below the level of 29 thousand points, recording 28,725 points, to fall by 2.9% in a week, and record monthly losses at 8.8%.
The Standard & Poor’s 500 Index, the broader, fell by 1.5%, or 54 points, to reach the level of 3585 points.
The Nasdaq index fell by 1.5%, or 161 points, to record 10,575 points.
The performance of US stocks in the session Friday, September 30, 2022
Nike’s stock fell 12.8%, marking the worst daily performance since 2001, following the company announced a 44% increase in inventory in the first quarter of the current fiscal year.
Federal Reserve Vice Chairman Lyle Brainard said there is a need to continue raising interest rates as part of efforts to control inflation.
European and Japanese stocks in the session Friday, September 30, 2022
With regard to European markets, during the session on Friday, September 30, 2022, the “Stoxx 600” index rose by 1.3%, equivalent to 5 points, to record the level of 387.8 points, and the French “CAC” index rose by 1.5% by regarding 85 points, recording the level of 5762 points. .
The German “DAX” index rose by 1.2%, by regarding 138 points, at the level of 12,114 points, and the British “FTSE 100” index rose by 0.2%, or 12 points, to record 6,893 points.
In Japan, the “Nikkei” index fell by 1.8% to the level of 25,937 thousand points, and the broader “TOPIX” index fell by 1.7%, to record 1,835 points.
