The stock markets on Wall Street again showed red figures on the last trading day of the week. Investors remained cautious on Friday after the heavy losses in New York a day earlier.
At the end of the day the Dow Jones Index was 0.3% lower at 16,614 points. The broad S & P 500 lost 0.6% to 1916 points and the technology exchange Nasdaq lost 1.8% and hit 4.301 points.
On Thursday, the stock exchanges in New York went down even harder. Losses of more than 2% were seen. Wednesday the S & P still had the strongest price gains this year.
The uncertainty on Wall Street remains high. The Volatility Index, also known as the VIX index, is an indicator of the turmoil in the stock markets and reached Friday in the interim trade the highest level since December 2012.
Manufacturers of consumer goods were at the strongest gainers. Procter & Gamble gained 1.7%, Coca-Cola went up by 1.7%, and PepsiCo signed a plus at 1.5%.
The technology funds were having big losses. Chip Microchip Technology Company lost 11.6% of disappointing quarterly results.
Sector organizations like as Intel (minus 4.7%), Texas Instruments (6.8%), Advanced Micro Devices (minus 7.8%) and Xilinx (minus 7.9%) were dragged into the negative sentiment.
Symantec, which is mainly from its Norton antivirus software, known went down 6% after the official announcement that the company splits. Reports of an alleged split were anouched on Thursday.
The producer of electric cars Tesla Motors presented a new car model, the Tesla S. It has for some time been looking forward to the new model. The Tesla share however dropped 7.6%, after a very strong run this year.
The Euro was worth $ 1.2617, down from $ 1.2631 at the close of the stock markets in Europe. A barrel of American oil fell slightly to $ 85.76. Brent oil cost slightly less at $ 90.03 a barrel.