30 Aug 2013
Wall Street closes down on Friday on session lows; monthly declines
FXstreet.com (San Francisco) - The US Stocks market performed negative in the last session of August as investors traded on defensive mode after US Secretary of State John Kerry left the door open for a US unilateral military intervention against Syria. In addition, profit taking in a choppy day let stocks to close its worst month since 2012.
The Nasdaq closed its worst week in 2 months, the S&P 500 ended its third negative week og the last four, extending declines from all-time highs at 1,709.06 in the early August to Wednesday and Friday's lows around 1,640.90.
The Dow Jones declined 30.64 points or 0.21% on the day to close the week at 14,810.31, 1.33% negative since the Monday's open. In the month, the Dow collapsed 4.5%. However, the index is 13.02% YTD positive.
The S&P 500 eased 5.20 points or 0.32% to 1,632.97. Its closed 1.84% negative on the week and logged 3.13% losses on the month. However, it remains 14.5% YTD positive. The Nasdaq lost 30.43 points or 0.84% and close at 3,589.87. The Composite dropped 1.86% on the week and 1.01% on the month. But still 18.89% positive on the year.
The Nasdaq closed its worst week in 2 months, the S&P 500 ended its third negative week og the last four, extending declines from all-time highs at 1,709.06 in the early August to Wednesday and Friday's lows around 1,640.90.
The Dow Jones declined 30.64 points or 0.21% on the day to close the week at 14,810.31, 1.33% negative since the Monday's open. In the month, the Dow collapsed 4.5%. However, the index is 13.02% YTD positive.
The S&P 500 eased 5.20 points or 0.32% to 1,632.97. Its closed 1.84% negative on the week and logged 3.13% losses on the month. However, it remains 14.5% YTD positive. The Nasdaq lost 30.43 points or 0.84% and close at 3,589.87. The Composite dropped 1.86% on the week and 1.01% on the month. But still 18.89% positive on the year.