Stocks end off session lows after powerful reversal; Nasdaq ends positive
Most U.S. stock benchmarks closed lower Thursday, but well off the day's worst levels, with the blue-chip Dow shedding as many as 785 points at its lows. The S&P 500 SPX, -0.15% was down 0.2% to around 2,696…
From the USA News Group archive. This article dates from Dec 7, 2018 and is preserved as first published.
Most U.S. stock benchmarks closed lower Thursday, but well off the day’s worst levels, with the blue-chip Dow shedding as many as 785 points at its lows.
The S&P 500 SPX, -0.15% was down 0.2% to around 2,696, based on preliminary numbers. The Dow Jones Industrial Average DJIA, -0.32% ended lower by 79 points, or 0.3%, to 24,948.
The Nasdaq Composite COMP, +0.42% finished higher by 0.4% to 7,188. Equities came under pressure throughout the session after a senior executive of Huawei Technologies, a Chinese telecoms group, was detained for allegedly violating U.S. sanctions on Iran.
Late in the session, reports suggested senior Federal Reserve officials wanted to adopt a wait-and-see attitude after December’s Fed meeting.
Late in the session, reports suggested senior Federal Reserve officials wanted to adopt a wait-and-see attitude after December’s Fed meeting.
In company news, shares of Sears Holdings Corp. SHLDQ, +3.85% gained more than 3% after Eddie Lampert’s investment fund offered to buy what was left of the retailer for $4.6 billion.
