US stocks end lower, Dow Jones posts weekly losses

2019-10-18 22:28:17 GMT (Economies.com)
US stocks end lower, Dow Jones posts weekly losses

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.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0029
0.2599%
1.2901
0.0100
0.7781%
Tadawul
7924.19
-8.33
0.10%
16.952
0.149
0.890%
57.850
0.491
0.857%
63.40
1.12
1.80%
1466.980
8.700
0.597%
 
 
US
 
Europe
 
Asia