Stocks close lower: S&P 500, Dow book weekly losses

Saturday, 11 August 2018 03:24 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


U.S. stocks closed solidly lower on Friday, joining a global equity market selloff, as the mounting currency crisis in Turkey raised the alarm for possible contagion into other markets.

The S&P 500 fell 20.30 points, or 0.7%, to 2,833.28 and posted a 0.3% weekly loss, breaking a five-week advance. The Dow Jones Industrial Average dropped 196.16 points, or 0.8%, to 25,313.07 and booked a 0.6% weekly loss.

The Nasdaq Composite Index declined 52.67 points, or 0.7% to 7,839.11, but managed to end the week with a 0.4% gain.

Friday's losses turned what would have been weekly gains into losses. Implied volatility as measured by the Cboe Volatiliy Index jumped 19% to 13.41, its highest in a week.

Source: Marketwatch


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