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9 Aug 2013
Wall Street indexes close the week with losses
FXstreet.com (Córdoba) - US stock indexes declined Friday, putting the Dow Jones on track to snap its 6-week winning streak and after hitting record highs last week.
Wall Street is about to close its worst week since June following a disappointing employment report last Friday and as investors focused on when the Fed might start tapering its bond-buying program.
In afternoon trade, the Dow Jones industrial average was down 74 points, or 0.5%, at 15,423, leaving it down 1.4% on the week. The Standard & Poor's 500 Index was down 57 points, or 0.3%, at 1,692, off 0.9% for the week. The Nasdaq Composite Index was down 5 points, or 0.2%, at 3,662 and is off 0.6% from the week-ago close.
But in Europe, indexes closed with broad gains, with the Euro Stoxx 600 up 0.6%, lifted by the latest data out of China.
Meanwhile, the US dollar managed to trim some losses on Friday after dropping to multi-week lows versus most competitors on Thursday.
Wall Street is about to close its worst week since June following a disappointing employment report last Friday and as investors focused on when the Fed might start tapering its bond-buying program.
In afternoon trade, the Dow Jones industrial average was down 74 points, or 0.5%, at 15,423, leaving it down 1.4% on the week. The Standard & Poor's 500 Index was down 57 points, or 0.3%, at 1,692, off 0.9% for the week. The Nasdaq Composite Index was down 5 points, or 0.2%, at 3,662 and is off 0.6% from the week-ago close.
But in Europe, indexes closed with broad gains, with the Euro Stoxx 600 up 0.6%, lifted by the latest data out of China.
Meanwhile, the US dollar managed to trim some losses on Friday after dropping to multi-week lows versus most competitors on Thursday.