Arab Today, arab today wall street slides dow snaps 6week winning streak
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Wall Street slides, Dow snaps 6-week winning streak

Arab Today, arab today

Arab Today, arab today Wall Street slides, Dow snaps 6-week winning streak

New York - XINHUA

U.S. stocks dipped after volatile trading on Friday to end the week lower, with the Dow Jones Industrial Average snapping a six-week gaining streak. The Dow lost 72.81 points, or 0.47 percent, to 15,425.51. The S& P 500 went down 6.06 points, or 0.36 percent, to 1,691.42. The Nasdaq Composite Index fell 9.01 points, or 0.25 percent, to 3,660. 11. For the week, the Dow was down 1.5 percent and the S&P 500 shed 1.1 percent. The Nasdaq slipped 0.8 percent. The major stock indices logged their worst week since June, as investors jittered at hawkish remarks from senior U.S. Federal Reserve officials, who expressed their belief that the central bank would start to trim its monetary stimulus later this year, even as early as in September. The CBOE Volatility Index, the best gauge of fears in the market, jumped nearly 12 percent this week to 13.41 on Friday. On the economic front, U.S. wholesale inventories dropped 0.2 percent in June, following a downwardly-revised 0.6-percent decline in May, the Commerce Department reported on Friday. Meanwhile, wholesale sales in June rose 0.4 percent. However, stocks outside the United States gained across the board on Friday. Asian stocks rose as a string of Chinese economic data came in better than expected, showing signs of stabilization for the world\'s second largest economy. China\'s National Bureau of Statistics said on Friday that the country\'s industrial output growth picked up in July, rising 9.7 percent year on year, while the consumer price index, a main gauge of inflation, stayed flat at 2.7 percent. Stocks in Europe also ended in green territory, as data showed that Britain\'s exports climbed to a record high in June. In corporate news, shares of Priceline jumped 3.87 percent to 969.89 U.S. dollars apiece after the on-line travel agency released an upbeat earnings report for the second quarter late on Thursday, with both earnings and revenue surpassing market consensus. Looking ahead, Dow components Cisco Systems and Wal-Mart Stores are due to report earnings next week. The second quarter earnings season waned with nearly 90 percent of the S&P 500 companies having reported results through Friday morning, according to Thomson Reuters data. Among the companies that have reported results, about 68 percent have beaten analysts\' earnings estimates. In the previous week, the Dow set a new all-time high while the S&P 500 broke though the key level of 1,700 points for the first time ever. On other markets, oil prices rebounded strongly on Friday as China\'s upbeat economic data outweighed Fed tapering concerns and boosted markets confidence. Light, sweet crude for September delivery rose 2.57 dollars to settle at 105.97 dollars a barrel on the New York Mercantile Exchange. Brent for September delivery went up 1.54 dollars to close at 108.22 dollars a barrel. The U.S. dollar traded mixed against major currencies on Friday due to traders\' technical operations after a streak of declining. The greenback dropped against its major currencies for the previous five sessions amid growing uncertainties about when the Fed would start to taper its monetary easing measures. In late New York trading, the euro fell to 1.3340 dollars from 1.3387 dollars of the previous session and the British pound decreased to 1.5513 dollars from 1.5546 dollars. Gold futures rose for the third session in a row on Friday. The most active gold contract for December delivery rose 2.3 dollars to settle at 1,312.2 dollars per ounce.

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 wall street slides dow snaps 6week winning streak Arab Today, arab today wall street slides dow snaps 6week winning streak

 



Arab Today, arab today

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 wall street slides dow snaps 6week winning streak Arab Today, arab today wall street slides dow snaps 6week winning streak

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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