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Wall Street ends mixed amid trade worries

IANS  |  New York 

US stocks ended mixed as concerns over trade uncertainties and global economic slowdown lingered, capping market gains.

The was down 63.20 points, or 0.25 percent, to 25,106.33 on Friday. The S&P 500 was up 1.83 points, or 0.07 percent, to 2,707.88. The Composite Index rose 9.85 points, or 0.14 percent, to 7,298.20, reported.

The Dow booked its first three-day losing streak since December, with shares of down 2.6 percent, leading the decliners in the 30-stock index.

Both the S&P 500 and the managed to turn positive at the last minute during Friday's trading.

Seven of the 11 primary S&P 500 sectors closed higher, as groups like consumer staples and utilities outperformed while and financials struggled.

stock decreased 1.62 percent after reports on Friday revealed that the US is reconsidering its new in due to local opposition.

Other such as Facebook, and all erased early losses and closed higher, underpinning the

Wall Street paid close attention to the progress of U.S.-trade talks. Trade issues have been a big part of market anxieties since last year.

The on Thursday cut its forecast for euro zone economic growth in 2019 and 2020, reigniting fears of global economic slowdown.

Investors were also anxious about earnings outlook.

Earnings for the first quarter of 2019 are expected to contract by more than 1 percent, according to CNBC, citing data from

--IANS

vin/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 09 2019. 05:00 IST
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