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Stocks: US, Europe Mixed; Asia Mostly Up

  • VOA News

Traders work on the floor of the New York Stock Exchange, Aug. 25, 2015.

Traders work on the floor of the New York Stock Exchange, Aug. 25, 2015.

Key U.S. stock indexes were little changed at Friday's close, following a week of wild price swings on global markets.

The S&P 500 and the NASDAQ rose around one-tenth of a percent while the Dow dropped about one-tenth of a percent. For the week, the Dow ended up with a gain of slightly more than 1 percent.

Major European stock indexes also were mixed at the close, with the FTSE 100 advancing nearly two-tenths of a percent, while Germany's DAX lost nine-tenths of a percent, and the CAC in France declined about four-tenths of a percentage point. European shares made big gains the previous day.

Asian markets

Asian markets mostly rose, with Japan's Nikkei index up three percent at the close, while Shanghai advanced a strong 4.8 percent. It was Shanghai’s second day of strong gains, but it finished the week with a 7.9 percent loss.

The global rally began Thursday after days of market turmoil driven by fears that China’s economic growth was slowing.

Analysts warn there could be more volatility, despite what currently appears as markets generally returning to calm.

Chinese officials have tried to stem recent stock market losses by cutting interest rates in a bid to boost economic growth. A cheaper currency gives Chinese-made products a price advantage on global markets, which can encourage exports and growth.

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