US stocks post weekly losses

26th May, 2019 11:55:29 printer

NEW YORK: U.S. stocks notched weekly declines as investors grew concerned about persisting global trade spat while digesting the newly-released meeting minutes from the Federal Reserve.

In the week ending May 24, the Dow fell 0.69 percent, the S&P 500 dropped 1.17 percent and the Nasdaq pulled back 2.29 percent.

The equities experienced drastic fluctuations over the week, featuring a huge rout on Thursday as tech and energy shares lagged, reports Xinhua.

All the three major indexes opened sharply lower on Thursday, with the Dow plunged more than 400 points at its lows before closing the day down 286.14 points.

Wall Street worried that the longer-than-anticipated global trade tensions are threatening economic growth.