Trading on Friday was volatile. The industrial index Dow Jones oscillated between minus and plus several times, finally closing at plus 0.1 percent. Nasdaq's composite index seemed to approach the green side, but closed at minus 0.4 percent. The broad S&P 500 ended the week at minus 0.2 percent.
Just before closing, news emerged that the processor company Intel had recently been contacted by industry colleague Qualcomm regarding a potential takeover. Intel's share, which had fallen during the day, rose about 8 percent on the news and finally landed at plus 3.3 percent. The information comes from The Wall Street Journal, which in turn refers to sources. Qualcomm's share fell 2.9 percent during the day.
Among the day's winning shares was the sports company Nike, which rose about 6.8 percent.
The logistics company Fedex had a much more difficult day on the stock exchange. The share fell 15.2 percent after a weak report.
The US central bank, Fed, lowered interest rates earlier in the week more than many analysts had expected. The interest rate cut was followed by a sunny stock market mood in several countries, not least in the USA. Despite declines on Friday for S&P 500 and Nasdaq, the trading week ended overall on a plus for several of Wall Street's indexes.
