Arab Today, arab today saudi stocks decline heading for weekly loss
Last Updated : GMT 11:40:20
Arab Today, arab today
Arab Today, arab today

Saudi stocks decline, heading for weekly loss

Arab Today, arab today

Arab Today, arab today Saudi stocks decline, heading for weekly loss

Saudi king
New York - SPA

The stock market moved lower Friday, heading for its first weekly loss since the start of August. Declines were led by energy and utility companies. Treasurys fell after news that retail sales in August rose faster than economists predicted. That reinforced expectations that the Federal Reserve may start hiking interest rates sooner than expected, AP reported.
KEEPING SCORE: The Standard & Poor's 500 index dropped four points, or 0.2 percent, to 1,992 as of 11:11 a.m. Eastern time. The Dow Jones industrial average fell 22 points, or 0.1 percent, to 17,026. The Nasdaq composite dropped nine points, or 0.1 percent, to 4,581.
SUBDUED MOOD: Stocks have had a lackluster week as investors struggle to find reasons to buy shares. Investors are wondering whether the Fed is closer to raising interest rates. Policy makers are scheduled to meet next week. The S&P 500 index is down 0.8 percent for the week. The last time it ended a week lower was Aug. 1.
OIL: Crude fell 17 cents to $92.66 a barrel in New York.

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