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Stocks turn negative, Dow erases 152-point gain as Street ends wild August


Friday, 30 August 2019 23:33 WIB

DOW JONES Standard & Poor's 500Saham AS


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Stocks fell on Friday, erasing earlier gains, as Wall Street concluded a volatile month.

The Dow Jones Industrial Average traded 12 points lower, or 0.04%. The S&P 500 dipped 0.15% while the Nasdaq Composite traded 0.5% lower. The 30-stock Dow rallied more than 150 points earlier in the day amid optimism around U.S.-China trade relations.

Still, recent U.S. economic data has been strong. U.S. consumer spending rose 0.6% in July, the Commerce Department said Friday, topping a Reuters estimate of 0.5%. Meanwhile, consumer confidence remains near its highest level in nearly 20 years.

Source: CNBC


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