The Miami Entrepreneur

U.S. stocks close lower after 3 day winning streak, but still notch biggest weekly advance in a month

Read Time:52 Second

Stocks finished lower on Friday, snapping a three-day rally following disappointing economic data and a weak earnings report from Snap Inc. — while reports from tech behemoths including Apple Inc. [a: aapl] and Microsoft Inc. are expected next week. The S&P 500 fell 37.32 points, or 0.9%, to close at 3,961.63 after briefly trading above the 4,000 shortly after the open. The Nasdaq Composite slipped 225.50 points, or 1.9%, to 11,834.11, while the Dow Jones Industrial Average closed 137.61 points, or 0.4%, lower at 31,899.29. Despite Friday’s pullback, the S&P 500 and Dow Jones Industrial Average managed to record their biggest weekly gain in a month, while the Nasdaq notched its largest advance since July 8. All three U.S. benchmarks have now risen during two of the last three weeks.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Here’s what Cadillac’s new $300,000 electric sedan will look like
Next post Trump ally Steve Bannon convicted on contempt of Congress charges