Wall Street recedes, plagued by the woes of Boeing and Johnson & Johnson

Wall Street ended the week in the red Friday, plagued by poor performance by Boeing and Johnson & Johnson, both members of the Dow Jones, and the decline of several technology stocks.

Its flagship index, the Dow Jones Industrial Average, dropped 0.95% to 26,770.20 points.

The Nasdaq, with strong technological color, fell by 0.83%, to 8,089.54 points, and the expanded S & P 500 index lost 0.39% to 2,986.20 points.

Over the week, the Dow dropped 0.2%, Nasdaq gained 0.4% and the S & P 500 gained 0.5%.

A new rebound in the 737 MAX crisis that Boeing has been going through for several months, after two deadly crashes that killed 346 people, dropped the action of the American aircraft manufacturer, which dropped 6.79% on Friday.

The US Air Force regulator accused the group of hiding important documents, including an exchange between employees revealing that the automatic system that prevented the aircraft from going into a dive, made it difficult to fly in a simulator.

For its part, Johnson & Johnson tumbled 6.22% after announcing Friday the recall of 33,000 bottles of talc in the United States following the detection of traces of asbestos, while the company ensures for years that its products are totally lacking.

Netflix's sharp drop (-6.15%) weighed on the Nasdaq. The streaming platform had risen sharply the day before after posting strong quarterly results on Wednesday night.

Other technology giants, like Facebook (-2.38%), Amazon (-1.68%) and Alphabet (-0.67%), the parent company of Google, also posted themselves in decline.

The New York rating was also penalized early in the session by the sharp slowdown in China's economy, whose GDP fell in the third quarter to 6% year on year, its lowest performance for at least 27 years .

"This has reinforced concerns that the economy of the world's second-largest economy continues to slow down despite more than 100 support measures, both monetary and fiscal," said Quincy Krosby of Prudential.

According to the expert, the decline in Wall Street is also explained by the fact that several contracts expired Friday, increasing the volume and adding volatility in the market.

On the bond market, the 10-year US debt rate was down slightly at 20:20 GMT to 1.748% against 1.752% the day before the closing.

Nasdaq