
Wall Street stocks Friday finished lower despite a solid US jobs report and generally good corporate earnings as investors took a cautious stance after Thursday's rout.
At the closing bell, the Dow Jones Industrial Average was down 69.03 points (0.42 percent) to 16,494.27.
The broad-based S&P 500 fell 5.32 (0.28 percent) to 1,925.35, while the tech-rich Nasdaq Composite Index lost 17.13 (0.39 percent) at 4,352.67.
All three indices rallied from their intra-session lows, with the Dow having fallen to 16,437.07 at midday.
US stocks fell about two percent Thursday in a battering that eliminated the Dow's 2014 gains.
"How many people want to jump in the day after we have a 300-point-plus loss in the Dow?" said Sam Stovall, chief investment strategist at S&P Capital IQ.
Stovall said some investors fear a long-awaited correction may be afoot.
European stock markets finished sharply lower for a second day running, with the German DAX sinking 2.10 percent, London's benchmark FTSE 100 index falling 0.76 percent and France's CAC 40 tumbling 1.02 percent.
The Labor Department reported that the US economy added 209,000 jobs in July, down from June but maintaining the solid 200,000-plus monthly streak since February.
Procter & Gamble scored the day's biggest gains in the Dow, rising 3.0 percent after reporting a 38 percent rise in quarterly earnings to $2.6 billion and announcing a plan to eliminate 90-100 underperforming brands.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor