How major USA stock indexes fared Friday

How major USA stock indexes fared Friday

The Dow Jones industrial average fell more than a thousand points between Tuesday and Thursday.

The Nasdaq sank 291.55 points, or 3.7 per cent. Visa (V.N) and Mastercard (MA.N) both climbed nearly 5.0 percent, boosted by strong credit card sales included in bank earnings reports, according to Oakbook's Sampson.

The S&P 500 is up 93.52 points, or 3.5 percent.

All 11 sectors in the S&P 500 are lower, with banks and energy stocks the hardest hit.

USA stocks are falling again a day after their biggest drop since February. JPMorgan and Bank of America are each down close to 1.5 percent.

Banks are taking some of the biggest losses.

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Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs inflationary pressures remain in check despite a humming economy, and as earnings season kicked off with strong postings from major banks. Delta Air Lines shares rose 3.8 percent after the airline beat profit expectations. All 65 members of the index fell.

The Dow Jones industrial average jumped as many as 400 points at the USA open, clawing its way back up from a 1,200-point drop since Tuesday. The Nasdaq composite rose 15 points, or 0.2 percent, to 7,436.

The market sell-off being witnessed in the USA is spreading to Europe, with the FTSE 100 is trading in correction territory, 10% below its recent high, extending losses to an 8-month low.

USA markets are coming off their steepest losses in eight months.

The S&P 500 Information Technology Index closed at $1,220.62, down 4.8 percent, marking the biggest decline since August 18, 2011, when the index dropped 5.3 percent. "They wanted to get in before next week when earnings start coming", said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

The Dow Jones Industrial Average lost 101 points, or 0.4 percent, to 25,497.

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