Thursday, July 9, 2020

US stocks closed lower, dow ends winning streak

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

U.S. stock indexes on Wednesday closed lower after Trump insisted China to commit reforms before stamping the trade deal, Trade day witnessed investor’s bear footed behavior. Investors also eyed on Janet Yellen said that the next move of Central bank could be a rate cut.

 

The Dow Jones Industrial Average DJIA, -0.08%, down 21.22, to 25,390.30.

 

The S&P 500 index SPX, -0.20%, down 5,58, to 2,732.12, and the Nasdaq Composite COMP, -0.37%, down 25.90, to 6,997.62.

 

Facebook, Snapchat closed lower. Energy stocks dropped around 0.7 percent despite oil price surge on domestic crude supplies.

 

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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