U.S. stocks strengthened on Friday, with the S&P 500 and Nasdaq indices ending in record highs. Investors sold shares of large technology companies and focused on the energy and finance sectors. The mood in the market is affected by the planned stimulus package aimed at the US economy.

The Dow Jones Industrial Average rose 0.09 percent to 31,458.40. The Broad Standard & Poor’s Index rose 0.47 percent to 3934.83 points. The Nasdaq Technology Market Index is up 0.50 percent at 14,095.47 points.

Major U.S. stock market indices were in a narrow range this week. Investors have shifted from growth stocks, which have strengthened for nearly a year, to unvalued sectors and rotating stocks, whose financial results will vary depending on the growth of the economy’s economic cycle.

New corona virus infections in the United States in recent weeks and a sharp fall in hospitals have pushed stock markets to new highs. Reuters reports that mutations in the corona virus and complications caused by the vaccine could weaken them in the short term.

Consumer sentiment in the United States fell unexpectedly in early February, according to data released on Friday. Despite the stimulus package of President Joe Biden’s new administration, the state of the U.S. housing economy is worrying.

According to a Reuters survey, the US economy will reach pre-epidemic levels within a year. The $ 1.9 trillion (CZK 40.3 trillion) stimulus package will help launch economic activity. However, a full recovery of the labor market could take more than a year.

The US dollar strengthened slightly after several losing sessions. As investors prepare for the extended weekend, trade has suffered, among other things. Markets in the United States will close on Monday due to President’s Day.

The dollar index, which monitors the performance of the US dollar against a basket of six leading world currencies, rose 0.1 percent to 90.47 points on Friday night. The euro was down 0.1 percent at 1.2119 euros against the US dollar.

Against the Japanese yen, the US dollar rose 0.2 percent to 104.95 / JPY. It was up 0.9 percent against the Swiss franc at 0.8919 USD / CHF.

Growth of EUR / USD currency pair (1-hour chart – H1):

Growth of USD / CHF currency pair (1-hour chart – H1):

Growth of USD / JPY currency pair (1-hour chart – H1):

Development of the USDX Dollar Index (1-hour chart – H1):

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Source: Reuters, ČTK, MT4

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