By Francisco Rodriguez-Castro on September 11, 2020
SAN JUAN – Today, the 19th anniversary of the Sept. 11, 2001 attacks on the United States, we honor those who lost their lives; we shall never forget.
The US stock market ended Friday mixed, with most of the US technology stocks falling as much as 4% during the short week. Skeptic investors continue to doubt the valuations of the technology stocks.
Recent events show that significant risks remain, and this fact may force the Federal Reserve and other central banks worldwide to increase economic support.
The following notable stocks dropped:
- Apple (AAPL) fell $ 1.37, or 1.21%, closing at $ 112.12.
- Amazon (AMZN) fell $ 60.36, or 1.9%, closing at $ 3,114.75.
- Alphabet (GOOG) fell $ 13.02, or 0.85%, closing at $ 1,519.00.
- Facebook (FB) fell $ 1.54, or 0.57%, closing at $ 266.55.
Another development impacting the economy is the rise in core inflation that increased more than expected. In economic news, both used car and truck prices rose, and we note that prices for medical care goods declined.
On to markets,
- The Dow Jones Industrial Average closed at 27,665.64, up 131.06 points, or 0.48%.
- The Standard & Poor’s 500 Index closed at 3,340.97, up 1.71 points, or 0.05%.
- The NASDAQ Composite Index closed at 10,853.54, down 86.05 points, or 0.60%.
- The Birling Capital Puerto Rico Stock Index closed at 1,536.48, down 13.69, or 0.88%.
- The US Treasury 10-year note closed lower, at 0.67%.
- The US Treasury 2-year closed lower, at 0.13%.