The U.S. stock market ended the week with mixed results, as falling oil prices helped ease inflation concerns while rising bond yields affected risk appetite among investors.
Stock Market Results
The Dow Jones Industrial Average fell by 95.4 points, or 0.18%, to 51,682.64. In contrast, the S&P 500 rose by 0.17%, or 12.74 points, to 7,650.50, and the Nasdaq Composite increased by 0.39%, or 104.25 points, to 26,522.55 at the end of the week.
Oil and Bond Market Status
The Volatility Index (VIX), known as the "fear index" of the market, decreased by 4.01% to 14.81. Brent crude futures fell by 1.6% to $103.11 per barrel. Additionally, the yield on 10-year U.S. Treasuries rose by 5 basis points, exceeding 5%.
In terms of macroeconomic data, U.S. industrial production remained unchanged in August compared to the previous month.
European Stock Markets
European stock markets also faced declines at the end of the week. The Stoxx Europe 600 index fell by 1.11% to 635.45. In the UK, the FTSE 100 dropped by 1.45% to 10,659.13. In Germany, the DAX 40 decreased by 1.6% to 25,304.06, while the CAC 40 index in France fell by 1.49% to 8,065.02.
In Italy, the FTSE MIB 30 dropped by 1.6% to 51,545.25, and in Spain, the IBEX 35 also fell by 1.6% to 19,513.80.
