FXstreet.com (Córdoba) - The Dow Jones ended Friday with a loss of 0.14% but up for the week. Stocks started with a sharp decline but managed to move away from the lows. Gold rose and ended above 1,150 an ounce. Crude oil fell for the second day in a row.
The ecPulse.com analysis team affirms: The U.S stocks end this week closing in red despite the current gains in health-care and consumer shares as fears are spread throughout overall markets concerning a global recovery while that huge U.S huge high-tech corporation; Dell Inc, posted its earnings that came in worse than forecasts, reporting EPS of $0.23 a share down from $0.27 reported in the prior quarter.
The Dollar finished the day and the week with gains across the board except against the Yen. The fall in stocks with an increase in risk aversion helped Greenback recover.
Currencies tied to commodities posted important losses on Friday. AUD/USD fell to 0.9055 posting a fresh 2-week low. Despite rising for the week the main trend is still against the Dollar.