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Friday 28 October 2016

Wall Street falls as FBI to review more Clinton emails

US stocks declined in a volatile session on Friday but were able to partially recover from a sharp drop spurred by news the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use.

Each of the three major indexes on Wall Street fell to session lows, with the S&P 500 dropping 1 percent in an hour, after FBI Director James Comey said in a letter to several congressional Republicans the agency had learnt of the existence of emails that appeared to be pertinent to its investigation. The US election is scheduled to take place in 11 days, on November 8.
The Dow Jones industrial average fell 8.29 points, or 0.05 percent, to 18,161.39, the S&P 500 lost 6.6 points, or 0.31 percent, to 2,126.44 and the Nasdaq Composite dropped 25.87 points, or 0.5 percent, to 5,190.10.

For the week, the S&P 500 dipped 0.7 percent and the Nasdaq lost 1.3 percent, while the Dow managed a 0.1 percent gain.

Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.41-to-1 ratio favoured decliners.

The S&P 500 posted 10 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 45 new highs and 129 new lows.

About 7.31 billion shares changed hands in US exchanges, compared with the 6.34 billion daily average over the last 20 sessions.


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1 comment:

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