The indices on Wall Street closed on a positive trend last Friday, despite the weak employment figures release in the US which reinforced expectations that the Federal Reserve will not raise the interest rates this year.
However, on a weekly summery the indices declined for the second consecutive week.
Apple shares retreated last Friday by 0.6% and closed at the lowest level since June 2014.
The iPhone maker’s share declined for 14 days in the last 16 trading days, during which it fell by 18%.
the price of the Gold rose last Friday for the first time in four days after the disappointing jobs data released in the US, which have strengthened their assessments that the Fed will not rush to raise interest rates in the US.
Consequently the US dollar got weakened, because the demand for the precious metal as an investment alternative instead of the US currency rose.
In a weekly summary, the price of the Gold rose by 0.3% to a price level of 1,294 dollar per ounce.
The European stock markets closed last Friday with declines for the fifth time in six trading days, on their way to the weekly sharpest drop in almost three months.
It came after disappointing employment report published in the United States which intensified the concerns over a negative global growth outlook.
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