Exchange market news, S&P500. This week the market was calm, and there were no major events to the end of it.
In general, off-market situation was favourable. The atmosphere concerning the debts of such problem countries as Spain in Italy has become more or less stable, and the general financial situation in Europe has considerably improved. However, purchases have not gone up much, which has resulted into flat and minor decline.
The absence of clear positive trend has undermined the spirit of exchange market participants. American session has not decided on trend of prices. S&P500 remains between resistance 1225 and support 1210, marking the bottom line of the week.
As there have been no clear movements during the week, financial sector has shown the growth of only 0.5% on its best day, whereas the weekly decline has amounted to over 5%.
Technological sector, the market’s largest sector, has shown the decline of 0.7% at the end of the week, and its weekly decline has amounted to about 4%.
The boring and unsuccessful week has finished with a Friday decline, which was marked by a 3% daily decline and about a 4% weekly decline.
