US stocks extend losses, still up for the week
|US stocks accelerated the negative trend during the last trading hours on Friday but are still up for the week. The decline in equity prices took place as crude oil futures tumbled. The WTI barrel was falling almost 4%.
The Dow Jones was falling more than a hundred points or 0.60% at 18,287, while the Nasdaq was down 0.50% on Friday, retreating from yesterday’s record close. For the week, the Dow Jones is up 0.40% and the Nasdaq gains 0.75%.
In the currency market, risk aversion did not activate the demand for the US dollar neither the yen, but weakened commodity and emerging market currencies that near the end of the week are trading at daily lows.
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