US sharemarkets were weaker on Friday after a solid jobs report laid the foundation for more rate hikes. Shares in AMD fell 13.9% as the chipmaker's third-quarter revenue estimates were about US$1 billion lower than previously forecast. The Dow Jones index ended lower by 630 points or 2.1%. The S&P 500 index fell by 2.8%. And the Nasdaq index lost 421 points or 3.8%. Over the week the Dow added 2%; S&P 500 rose 1.5%; and the Nasdaq gained 0.7%.
This report is approved...
US sharemarkets were weaker on Friday after a solid jobs report laid the foundation for more rate hikes. Shares in AMD fell 13.9% as the chipmaker's third-quarter revenue estimates were about US$1 billion lower than previously forecast. The Dow Jones index ended lower by 630 points or 2.1%. The S&P 500 index fell by 2.8%. And the Nasdaq index lost 421 points or 3.8%. Over the week the Dow added 2%; S&P 500 rose 1.5%; and the Nasdaq gained 0.7%.
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