{"id":5248,"date":"2018-12-08T16:25:04","date_gmt":"2018-12-08T16:25:04","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/wall-street-ends-lower-after-a-down-week\/"},"modified":"2018-12-08T16:25:04","modified_gmt":"2018-12-08T16:25:04","slug":"wall-street-ends-lower-after-a-down-week","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/wall-street-ends-lower-after-a-down-week\/","title":{"rendered":"Wall Street ends lower after a down week"},"content":{"rendered":"\n
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\"TradersImage copyright<\/span>
\n Reuters<\/span><\/p>\n

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US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets.<\/p>\n

The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms.<\/p>\n

The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than 3%.<\/p>\n

The falls came as charges were outlined against a top Huawei executive, while a weaker-than-expected jobs report renewed concerns about economic growth.<\/p>\n

US markets had performed better than expected in 2018, hitting record highs earlier in the year.<\/p>\n

But investors expect growth in the US and globally to slow in 2019, a deceleration worsened by new trade tariffs and rising interest rates.<\/p>\n

The cluster of concerns has cast markets into turmoil.<\/p>\n

On Friday, the slowdown in jobs monthly growth raised questions about the path for interest rates, while the hearing for Huawei’s chief financial officer<\/a> further fanned worries about US-China trade tensions.<\/p>\n

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Friday’s falls left all three indexes down more than 4% for the week.<\/p>\n

The Dow and the S&P finished lower than they were at the start of 2018, while the Nasdaq was roughly flat.<\/p>\n

Intel and Micron, which both do business with Huawei, were some of the the biggest losers, falling 4.4% and nearly 6.3% respectively.<\/p>\n

Earlier, moves on Asian markets were more muted, while European shares mostly recovered after sharp declines on Thursday. In London, the FTSE 100 closed up 1.1%. <\/p>\n

While some analysts have argued the recent declines in US share prices are simply a needed correction from the earlier highs, researchers at Capital Economics said they expect to see this week’s turbulence to continue.<\/p>\n

“In particular, while both the S&P 500 and US Treasury yields have started to drop a little sooner than we had previously anticipated, we still suspect that both have much further to fall in 2019,” they said.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Reuters US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than … <\/p>\n","protected":false},"author":0,"featured_media":5249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5248"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5249"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}