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US stocks end lower, Dow Jones posts weekly losses

Economies.com
2019-10-18 21:39PM UTC

US stocks finished lower today, weighed down by uncertainty about the global economy after poor Chinese data sparked economic concerns, amid a broad anticipation for the British parliament vote on the draft Brexit deal.

 

Dow Jones was pressured by a sharp drop in Boeing shares, which shed 6.8% to close at $344, in addition to Johnson & Johnson slump by 6.2%.

 

The Chinese Government showed today that the GDP grew by 6% during the third quarter, lower than market forecasts of 6.1%.

 

In the oil market, WTI lost 0.3% and closed at $52.78, to post a weekly decline of 1.7%, with an intraday high of $54.6 and a low of $53.3.

 

Brent fell by 0.8% to $59.42 a barrel, posting a weekly loss of 1.8%, with a high of $60.2 and a low of $59.01.

 

To the stock market, Dow Jones plunged 0.9% or 255 points, to end at 26,770, and posted a weekly loss of 0.2%, with a session-high of 27,018 and a low of 26,770.

 

Nasdaq fell by 0.8% or 69 points to 8,089, but scored weekly gains of 0.4%,  with a high of 8,157 points and a low of 8,045 points.

 

S&P 500 shed 0.4% or 11 points to 2,986, but posted a weekly gain of 0.5%, with a session-high of 3,000 and a low of 2,976.

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