Stocks on the brink of snapping 5-day rally with slight opening losses, but set for weekly gains
Friday, 11 January 2019 21:48 WIB |
MARKET UPDATE |DOW JONES Standard & Poor's 500Saham AS
Stock benchmarks on Friday opened slightly lower, but the main indexes were on track to book a solid weekly gains after five straight days helped to drive the Dow and the S&P 500 out of correction territory.
The Dow Jones Industrial Average fell 120 points, or 0.5%, at 23,891, the S&P 500 index fell 0.5% to 2,585, while the Nasdaq Composite Index receded by 0.5% to reach 6,950. All three indexes have gained for five sessions in succession, with those returns producing the longest win streaks since autumn.
Earlier Friday, a reading of December inflation, the consumer-price index slipped 0.1%, to mark the first decline in nine months, the Labor Department said on Friday. That matched the forecast of economists polled by MarketWatch.