Wall Street ends lower amid economic slowdown

Markets 11/9/2018, 10:01 PM
Wall Street ends lower amid economic slowdown

United States markets closed in the red on Friday as all major indexes traded with losses, but still had solid weekly gains. Oil prices also fell with West Texas Intermediate dropping under $60 per barrel and Brent Crude falling under $70. Meanwhile, US Secretary of State Mike Pompeo said, after a meeting with Chinese officials at the State Department, that Washington is not pursuing a cold war with Beijing, emphasizing the importance of the improvement of relations between the two countries.

The Dow Jones Industrial Average ended the trading session 0.77% in the red. Goldman Sachs Group was the worst performer, losing 3.89%. The Nasdaq 100 decreased 1.67% at the market close led by Activision Blizzard Inc. plunge of 12.39% The S&P 500 decreased 1.23% at the closing bell with PG&E as the worst trading stock falling 16.49%.

The euro traded 0.20% lower against the dollar to change hands for 1.1337 at 10:00 pm CET.

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