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U.S. Stocks Snap Four-Day Win Streak on U.S.-China Trade Worries, But Post Monthly Gains


Saturday, 30 November 2019 04:01 WIB

S & P 500Saham AS


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U.S. stocks closed lower on Friday, ending a four-day winning streak for major equity benchmarks, as investors worried about the deterioration in U.S.-China trade relations after a bill supporting Hong Kong protesters was signed by President Trump late on Wednesday.

The New York Stock Exchange and the Nasdaq closed early at 1 p.m. Eastern on Friday after the U.S. Thanksgiving holiday closed markets Thursday.

The Dow Jones Industrial Average retreated 112.59 points, or 0.4%, to close at 28,051.41 while the S&P 500 slipped 12.65 points, or 0.4%, to finish at 3.140.98. The Nasdaq Composite fell 39.7 points, or 0.5%, to end at 8.665.47.

For the week, the Dow is up 0.6%, the Nasdaq gained 1.7%, and the S&P 500 rose 1%. For the month, the S&P rose 3.4%, the Dow climbed 3.7%, and the Nasdaq gained 4.5%. This marked the biggest monthly gains for all three major equity benchmarks since June.

Source : Market Watch


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