Wall Street ends the week on a low note

Economies.com
2018-05-18 20:17PM UTC

US stock indices closed the last session of the week mostly lower, with tech and financial sectors leading the decline on Wall Street, amid a lack of  data from the world's largest economy, while investors await crucial US-China trade talks. 

 

Federal Reserve Bank of Cleveland President Loretta Mester spoke earlier today about monetary policy at the ECB macroprudential policy and research conference, in Frankfurt, where she noted the US economy is almost at full employment, with outlook the best in a long time. 

 

Mester said rate hikes are some of the tools used to counter potential risks to financial stability, asserting the importance of having fiscal policies that corroborate and enhance monetary ones. 

 

Dow Jones rose 1.11 points to 24,715.09, while Standard and Poor's 500 shed 0.26%, or 7.16 points to 2,712.97. NASDAQ Composite dipped 0.38%, or 28.13 points to 7,354.34. 

 

Gold futures due on June 15 rose 0.22% to $1,292.20 an ounce from the opening of $1,289.40, while the dollar index added 0.21% to 93.67 from the opening of 93.47. 

 

US crude futures due on June 15 fell 0.27% to $71.30 a barrel from the opening of $71.49, while Brent futures due on July 15 declined 0.95% to $78.55 a barrel from the opening of $79.30. 

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