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Stocks Kick Off September With a Loss as Nike Shares Weigh on Dow; Amazon Briefly Touches $1 Trillion


Wednesday, 5 September 2018 03:24 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks ended the first day of trade in September on a sour note, with slight declines in shares of health-care companies, telecommunications and real estate more than offsetting advances in financials and consumer-discretionary shares.

The Dow Jones Industrial Average finished the session off 12 points, or less than 0.1%, at 25,952, with shares of Nike Inc. providing the stiffest headwind for the blue-chip gauge. The Dow had been down by as many as 158 points in early Tuesday trade. The S&P 500 index ended the day off 0.2% at 2,896, while the Nasdaq Composite Index slipped 0.2% to close around 8,091. Stock moves were tepid and volatile coming after a three-day holiday for Wall Street, with most markets in the U.S. closed in observance of Labor Day.

Nike's stock drew outsize attention on the day amid a new ad campaign that features Colin Kaepernick, the NFL quarterback who led player protests against racial injustice and police brutality during the national anthem. In other corporate news, shares of Amazon.com Inc. briefly joined Apple Inc. as the only two publicly traded firms to touch a market-value milestone above $1 trillion. Shares of Amazon traded as high as $2,050.50 before retreating from that intraday peal, ending Tuesday up 1.3% at $2,039.51.

Source : Marketwatch


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