IBEX 35 dips 0.02%, breaks record streak but gains 2% weekly

Spain's benchmark stock index, the IBEX 35, dipped 0.02% on Friday, ending a four-session streak of record highs. Despite the slight decline, the index maintained its position above 20,100 points. The market reacted to U.S. employment data for July, which fell short of analyst expectations.

The Spanish stock market lost 4.4 points, concluding six consecutive days of gains. Over the week, the IBEX 35 advanced 1.99%, bringing its year-to-date appreciation to 16.57%. The trading day began with gains, but volatility soon pushed the index into negative territory. Investors closely watched U.S. employment figures and geopolitical developments, but the index lost momentum in the final minutes of trading.

Leading Spanish companies influenced the selective index. Energy firm Repsol experienced the sixth-largest drop, falling 0.71%. Telecommunications company Telefónica saw the seventh-highest decline at 0.68%. Textile giant Inditex dropped 0.24%, energy company Iberdrola fell 0.1%, and Banco Santander decreased by 0.05%. In contrast, BBVA saw a slight increase of 0.04%.