US stocks edge lower at end of rollercoaster week
The Peninsula
New York: US stocks slipped after markets opened on Friday as traders appeared wary at the end of a rocky week that began with a dramatic sell off....
New York: US stocks slipped after markets opened on Friday as traders appeared wary at the end of a rocky week that began with a dramatic sell-off.
Around 15 minutes into trading, all three major indices on Wall Street were trading lower, with the Dow Jones Industrial Average leading the mild decline, falling 0.3 percent to 39,313.65.
The broad-based S&P 500 was down 0.2 percent at 5,308.59, while the tech-rich Nasdaq slipped 0.3 percent to 16,616.52.
"The stock market could settle this week roughly unchanged with the Nasdaq Composite and S&P 500 sitting on declines of 0.5% and 0.7%, respectively, since last Friday," Briefing.com analysts wrote in a blog post before markets opened.
They pointed to a pre-open gain in the so-called "mega caps" worth at least $200 billion, and chipmakers.
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