US Stock Market Highlights: The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%, to close at 41,249.38. The S&P 500 edged down 0.07% to end at 5,659.91, while the Nasdaq Composite was nearly flat, finishing at 17,928.92.
US Stock Market Highlights: The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%, to close at 41,249.38. The S&P 500 edged down 0.07% to end at 5,659.91, while the Nasdaq Composite was nearly flat, finishing at 17,928.92. For the week, the S&P 500 declined about 0.5%, the Nasdaq dropped 0.3%, and the Dow slipped 0.2%. The talks with Chinese officials follow the US and the United Kingdom reaching a preliminary trade deal. Investors hope this will lead to more agreements being reached quickly. That said, a 10% tariff rate on the UK appears to be the baseline for the globe.
