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Wall Street ends lower as Turkey woes hit banks

Reuters  |  NEW YORK 

By Caroline Valetkevitch and James ThorneNEW YORK (Reuters) - U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets.The Dow and S&P 500 posted declines for the week following five straight weeks of gains, but the S&P 500 remains just 1.4 percent below its record high from Jan. 26.A drop in technology shares added to the day's bearish tone. The S&P technology index fell 0.8 percent, with Intel down 2.6 percent after Goldman Sachs downgraded the stock to "sell." Microchip Technology shares fell 10.9 percent after ...

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First Published: Sat, August 11 2018. 02:28 IST