U.S. Equties Decline

classic Classic list List threaded Threaded
1 message Options
Reply | Threaded
Open this post in threaded view
|

U.S. Equties Decline

Edward
U.S. equities declined on Friday as China reported worse-than-expected trade figures, but the S&P 500 is on its way to post the fifth consecutive week of advances. China’s import and export figures both came in much lower than expected, while the new loans dropped to 540B from 920B. The numbers sparked talks among investors that the Chinese government will have to use additional stimulus measures if it wants to handle the country’s slowing growth. The Dow Jones industrial average  slipped 12.90 points, or 0.10%, to 13,152.29. The Standard & Poor’s 500 Index dipped 1.68 points, or 0.12%, to 1,401.12. The Nasdaq Composite Index erased 5.58 points, or 0.18%, to trade at 3,013.06. Cyclical stocks, including financials, energy and consumer discretionary, moved lower.

Source: binaryoption