US stocks end again with deep losses, Dow -2.1% - News Summed Up

US stocks end again with deep losses, Dow -2.1%


The Dow Jones Industrial Average slumped 2.1 percent to 25,052.83, down 2.1 percent or 545 points, bringing its losses for the week to more than five percent. The broad-based S&P 500 also dropped 2.1 percent to 2,728.26, while the tech-rich Nasdaq Composite Index fell 1.3 percent to 7,329.06. The upcoming third-quarter earnings season has been seen as a potential antidote to the unease. Earnings season begins in earnest on Friday with results from JPMorgan Chase and other large banks. "The larger concerns we have are about what companies have to say about the US and China," Hogan said.


Source: The Nation Bangkok October 12, 2018 00:09 UTC



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