Arab Today, arab today us stocks end slightly lower after record run
Last Updated : GMT 23:57:56
Arab Today, arab today
Arab Today, arab today

US stocks end slightly lower after record run

Arab Today, arab today

Arab Today, arab today US stocks end slightly lower after record run

New York - XINHUA

US stocks ended slightly lower Friday, stalling out after major stock indices have repeatedly set new highs since the Federal Reserve announced to modestly taper its stimulus last week. The blue-chip Dow Jones Industrial Average lost 1.47 points, or 0.01 percent, to 16,478.41. The S&P 500 edged down 0.62 point, or 0.03 percent, to 1,841.40. The Nasdaq Composite Index shed 10.59 points, or 0.25 percent, to 4,156.59. "Today we stalled out (in the market)," Mark Newton, chief technical analyst at Greywolf Execution Partners Inc, told Xinhua Friday. He said the energy and material sectors strengthened based on a rally in commodity prices while consumer discretionary sector posted a weakness in Friday's trading session. The market fluctuated in trading during the day as investors were reluctant somewhat to take new positions after the U.S. stocks had staged a run of gains in the past ten days. On the previous trading session, the Dow posted its 50th record high on the close this year, while the S&P 500 also set a new all- time closing high, and the Nasdaq recorded a new high in 13 years. On the positive side, U.S. President Barack Obama has signed the bipartisan budget bill which covers spending levels for the next two fiscal years, according to the White House Thursday. Despite the modest pullback, the three major stock indices still finished the week on a positive note for the second week in a row, rising 1.6 percent, 1.3 percent and 1.3 percent, respectively. Last week, Wall Street embraced the Fed's prudential tapering of its bond purchases with positive reactions, as the U.S. central bank reassured investors by vowing to keep the ultra-low interest rates intact even after the asset purchases program ends. In corporate news, Twitter was among the most actively traded on the New York Stock Exchange Friday. Shares of the social media tumbled 13.04 percent to 63.75 U.S. dollars in the day, which had, nevertheless, nearly tripled the price since it first went public early last month. In other markets, oil prices continued to rise Friday as a government report showed that U.S. crude supplies fell more than expected last week. Light, sweet crude for February delivery gained 77 cents to settle at 100.32 dollars a barrel on the New York Mercantile Exchange,while Brent crude for February delivery increased 20 cents to close at 112.18 dollars a barrel. Gold futures on the COMEX division of the New York Mercantile Exchange continued to move higher on short covering Friday. The most active gold contract for February delivery added 1.7 dollars to settle at 1,214.0 dollars per ounce. The U.S. dollar gained against Japanese yen Friday on the speculation that the Bank of Japan may add monetary stimulus. In late New York trading, the dollar bought 105.14 Japanese yen, higher than 104.71 yen of the previous session.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks end slightly lower after record run Arab Today, arab today us stocks end slightly lower after record run

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks end slightly lower after record run Arab Today, arab today us stocks end slightly lower after record run

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday