Stock Market Update Thursday, September 6th, 2018
Stocks finished mixed again.
Thursday's session began on a flat note. But technology shares soon began selling off, pulling the S&P 500 into negative territory.
Tech giants like Facebook (FB), Apple (AAPL), and Alphabet (GOOG) lost between 1.3% and 2.8% and dragged the Nasdaq down.
In Washington, U.S. and Canadian officials continued to negotiate on trade. And the world awaited news from the White House, which could impose another round of tariffs on Chinese goods as soon as a public comment period ends at midnight. This round of duties will target $200 billion worth of goods, including furniture, tires, bicycles, and lighting products. Beijing has vowed to retaliate.
Here's where the major indices ended the day:
- The S&P finished 0.4% lower. Down 10 points, the S&P ended at 2,878.
- The DOW ended with a 0.1% gain. Adding 21 points, the DOW closed at 25,996.
- The NASDAQ was down 0.9%. Lower by 72 points, the NASDAQ finished at 7,923.
Crude Oil (CL) dropped $0.94 today. Down 1.4%, CL finished at $67.81 a barrel.
Here is the economic calendar for the week:
This Stock Market Update was provided by Rockwell Trading Services LLC.