Bags in NY have strong fall by low technology and data … – Economic Value (Signature)

SAO PAULO – The major stock indexes closed sharply lower on Friday, pressured by a massive liquidation in the technology sector and conflicting labor market data American, which renewed expectations of a new monetary tightening by the Federal Reserve this year.

After adjustments, the Dow Jones index fell 1.29% to close at 16204.83 points, in a move led by blue chips Nike, McDonald’s and Home Depot

the S & amp;. P 500 fell 1.85% to 1880.02 points, down by the fall of 3.4% of its technology sector index

The Nasdaq Composite closed down 3.25%, to 4363.14 points. The index was particularly hard hit by the loss of Facebook shares (5.81%), Amazon (-6.36%), Alphabet (-3.60%), Netflix (-7.71%) and Apple (-2 , 67%). The weakness of the biotech sector was another major factor on the Nasdaq:. The iShare ETF Nasdaq Biotechnology index fell 3.19%

For the week, the Dow Jones recorded a decline of 1.6%, while S & amp;. P 500 fell 3.1% and the Nasdaq Composite lost 5.4%

“it started with the uncertainty of the Fed and weak balance sheets of technology companies … and it seems that has spread throughout the market, “said JJ Kinahan, chief strategist at TD Ameritrade, the” CNBC “. “I think people are closing any unnecessary risk before the weekend,” he said.

Analysts some technology companies reported weak earnings in the fourth quarter and this weighed on the sector. Shares of LinkedIn fell 43.63%, after the professional social networking company has disclosed weaker quarterly projections expected the market this year.

Shares of Tableau Software fell 49.44% after the company to report a loss of $ 41.3 million (US $ 0.57 per share) in the fourth quarter of last year, a $ 20.7 million profit ($ 0.27 per share) obtained in same period in 2014.

in the morning, the US Department of Labor reported that in January the economy created a net balance of 151,000 new jobs, a number that was below expectations of 185 increase analysts . thousand vacancies

However, the unemployment rate fell to 4.9% – the lowest level in eight years – from 5% in December, and the average salary earned per hour worked rose 0.5% in month, an expectation of a 0.3% increase economists, representing an annualized increase of 2.5%.

for many analysts, the employment report did not confirm the signs of economic slowdown that other indicators such as industrial activity, have indicated and not substantially changed the scenario for the US economy. “The report did not match the expectations of a deterioration in the outlook for growth in the United States because of the many upheavals,” said Aaron Kohli, interest rate strategist at BMO Capital Markets. “I think it’s too early to rule out” the likelihood of any increase in interest by the Fed this year, he said.

To Arne Espe, senior manager portfolio of USAA Investments, the report raised chances of another rise in interest. “We are returning pricing a Chande 50% high in December,” Espe told “CNBC”. “Before the report [employment] were less than 50%,” he added.