Business News Asia
The Dow Jones closed higher on Friday (Nov. 25) as trading remained sluggish after the Thanksgiving holiday while investors keep an eye on Black Friday sales figures and the COVID-19 situation in China.
- The Dow Jones Industrial Average closed at 34,347.03 points, up 152.97 points, or +0.45%.
- The S&P500 closed at 4,026.12, down 1.14 points, or -0.03%.
- Nasdaq closed at 11,226.36, down 58.96 or -0.52%.
Crude oil futures closed more than 2% lower on Friday (Nov. 25) as concerns over the prospect of a drop in oil demand continued to hold back the market.
- WTI crude futures fell $1.66, or 2.13%, to close at $76.28 per barrel, down 4.78% for the week.
- BRENT crude futures fell $1.71, or 2%, to $83.63 a barrel and were down 4.55% for the week.
Gold futures closed higher on Friday (Nov. 25), supported by the release of the U.S. Federal Reserve (Fed) meeting minutes, which showed that the Fed is likely to slow the pace of rate hikes.
- Gold futures rose $ 8.4, or 0.48%, to close at $ 1,754 per ounce.
- Silver futures rose 6.3 cents, or 0.29%, at $21.43 an ounce.
- Platinum futures were down $9, or 0.9%, at $987.8 per ounce.
- Palladium futures fell $54.40, or 2.9%, to settle at $1,821.50 an ounce.
The U.S. dollar gained against a basket of major currencies on Friday (Nov. 25) as investors flocked to the greenback as a safe haven currency.
- The dollar index against a basket of six major currencies was up 0.13% at 105.9590.
- The dollar was higher against the yen at 139.03 yen from 138.46 yen.
- The greenback was last at 0.9445 francs from 0.9427 francs.
- The greenback remained firm against the Canadian dollar at C$1.3374 from C$1.3335.
- The dollar was stronger against the Swedish krona at 10.4091 krona from 10.3956 krona.
- The euro weakened against the dollar at $1.0414 from $1.0417.
- The pound weakened to $1.2094 from $1.2118.