Global stocks tumbled led by technology shares (只備英文版)
US stocks followed European indices lower Monday — Facebook led technology stocks downward. The Dow Jones industrials were down 1.4 percent, the S&P lost 1.4 percent and the Nasdaq tumbled 1.8 percent. Investors were also cautious prior to the Federal Reserve announcement on Wednesday. The sell-off also reflected lingering concerns about a potential trade war as well as political uncertainty following recent developments in Washington.
Global stock indices were mixed both Friday and for the week (只備英文版)
Although strong industrial output numbers boosted shares Friday, the three indices retreated on the week. The Dow Jones industrials were up 0.3 percent, the S&P gained 0.2 percent and the Nasdaq edged up 4.68 points. Friday's gains came at the end of a rocky week dominated by concerns of a US trade war with China and political turmoil, which began with the ouster of Secretary of State Rex Tillerson. However, for the week, the Dow lost 1.5 percent, the S&P declined 1.2 percent and the Nasdaq was 1.0 percent lower.