NEW YORK, Oct 10 (Reuters) – U.S. stocks fell on Friday,
with the tech sector weighing the most after a chip maker warned
of a major pullback in the industry.
Major Wall Street indexes were on track for a third straight
week of losses, the longest such streak in nine months, with the
S&P 500 at an inflection point as it nears key support at the
200-day moving average.
NEW YORK, Oct 10 (Reuters) – U.S. stocks were mostly lower
on Friday, but consumer staples rose amid the market
uncertainty, with beverage giant Coca-Cola Co again
lifting the sector.
Coke was up 1.6 percent to $44.55 and on track for a record
close. Earlier this week, the Dow component hit a new all-time
high, taking out a level that had persisted since 1998. Over the
past 20 sessions, it has only dropped five times.
NEW YORK, Oct 10 (Reuters) – The Nasdaq dropped more than 1
percent on Friday, continuing a recent bout of weakness as the
tech-heavy index was pressured by weakness in semiconductor
The S&P 500 posted a modest decline, with a retreat in
technology and energy shares somewhat offset by strength in
consumer staples, while the Dow posted a modest gain.
NEW YORK, Oct 10 (Reuters) – Energy shares fell on Friday,
extending their recent weakness as crude oil dropped to its
lowest level since 2010.
The S&P energy index fell 1.5 percent on Friday, by
far the worst-performing group of the day. It has fallen for
seven of the past 10 sessions, and is down 5.2 percent this
week, its worst since November 2011.
NEW YORK, Oct 10 (Reuters) – The Dow and S&P 500 rose on
Friday, modestly rebounding after a sharp decline in the
previous session, though weakness in chipmakers limited the
Major indexes remained on track for a sharply lower week as
investors continued to fret about the pace of global growth and
its impact on corporate earnings.
NEW YORK, Oct 10 (Reuters) – U.S. stock index futures
pointed to a lower open on Friday, putting major indexes on
track for a sharply lower week as Thursday’s decline on global
growth concerns looked to be extended.
The S&P 500 posted its biggest one-day slide in six months
on Thursday on concerns over tepid growth in the world economy
and its potential impact on corporate earnings.
NEW YORK, Oct 10 (Reuters) – Ford Motor Co and Tesla
Motors Corp were among the most active stocks in
Friday’s premarket session, with both companies lower in heavy
Shares of Ford lost 1 percent to $13.70 before the bell, a
day after it said its China sales dipped 0.2 percent in
September for its first monthly drop in the country this year.
NEW YORK, Oct 10 (Reuters) – U.S. stock index futures were
lower on Friday, suggesting major indexes could be on track for
one of their worst weeks in years, as Thursday’s decline on
global growth concerns looked likely to be extended.
* The S&P 500 posted its biggest one-day slide in six months
Thursday on concerns over the strength of the world economy and
its potential impact on corporate earnings. The benchmark index
fell below its 150-day moving average for the first time since
November 2012, a sign near-tem trends are weaker.
NEW YORK, Oct 9 (Reuters) – U.S. stocks fell more than 1
percent on Thursday, erasing the previous session’s sharp rally
as concerns grew over the pace of economic growth.
“Weakness continues to pervade European economies, and
that’s leading to some nervousness will how earnings will play
out,” said Bill Lynch, director of investments at Hinsdale
Associates, in Hinsdale, Illinois.
NEW YORK, Oct 9 (Reuters) – Small-cap shares fell Thursday,
with the Russell 2000 dropping 1.6 percent to re-enter
correction territory, suggesting the index could soon start to
outperform, Janney Capital Markets said in a note to clients.
The Russell index of small-cap shares has been volatile of
late, pressured by concerns over global economic growth as
investors move to larger names that are deemed more stable.