The Nasdaq finished at a fresh record Friday on a mixed day for US stocks as markets weighed the risk of economic weakness due to another Covid-19 wave. The tech-focused index notched its first close above 16,000 points, extending a trend in recent days of outperforming the broader market. The Nasdaq jumped 0.4 per cent to 16,057.44, ending at its second straight record and up 1.2 per cent for the week. The Dow Jones Industrial Average dropped 0.8 per cent to 35,601.98, while the broad-based S&P 500 shed 0.1 per cent to 4,697.96.
Singapore shares ended the week in the red as inflationary pressures and supply chain disruptions continue to weigh on sentiments. The Straits Times Index (STI) fell 0.14 per cent or 4.68 points to 3,232.34 on Friday (Nov 19). It was, however, a quiet trading week for the STI, said Singapore Exchange market strategist Geoff Howie. With a 0.8 per cent trading range, it was the STI's second narrowest weekly range in the past five years, added Howie. Across the market, decliners outpaced advancers 239 to 222 with 1.69 billion shares worth S$1.02 billion changing hands.
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