Wall Street ends lower, dragged down by tech

Economies.com
2018-10-15 20:30PM UTC

US stock indices closed the first session of the week lower, as the tech sector resumed its losses after a hiatus on Friday, following earlier retail sales data from the US, while the third-quarter earnings season carries on. 

 

Earlier US data showed retail sales rose 0.1%, same as August and missing estimates of 0.7%, while core prices fell 0.1%, missing estimates of a 0.4% addition. 

 

The Empire State Manufacturing index rose to 21.1 from 19 in August, besting estimates of 20.4, while wholesale inventories rose 0.5%, adding to the 0.6% increase in July. 

 

Indices, Commodities 

 

Dow Jones fell 0.35%, or 89.44 points to 25,250.55, while Standard and Poor's 500 slid 0.59%, or 16.34 points to 2,750.79. NASDAQ Composite tumbled 0.88%, or 66.15 points to 7,430.74. 

 

Gold futures due in December rose 0.65% to $1,229.90 an ounce, marking July 17 highs, while the dollar index slipped 0.16% to 95.06 away from August 20 highs. 

 

US crude futures due in November rose 0.45% to $71.66 a barrel, as Brent December futures inched up 0.37% to $80.73 a barrel. 

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