Sat, 16 Oct 2021

U.S. stocks slip as market volatility continues

Xinhua
18 Sep 2021, 02:05 GMT+10

NEW YORK, Sept. 17 (Xinhua) -- U.S. stocks traded on a downbeat note on Friday morning, as market volatility continued on Wall Street.

Shortly after the opening bell, the Dow Jones Industrial Average decreased 114.10 points, or 0.33 percent, to 34,637.22. The S&P 500 was down 24.64 points, or 0.55 percent, to 4,449.11. The Nasdaq Composite Index fell 85.63 points, or 0.56 percent, to 15,096.30.

Ten of the 11 primary S&P 500 sectors declined in morning trading, with materials and technology down 1.56 percent and one percent respectively, leading the laggards. Consumer discretionary rose 0.3 percent, the lone gaining group.

The U.S. Federal Reserve is set to hold its two-day policy meeting next week and Wall Street will look to its policy update.

U.S. equities have been under pressure recently as investors grow concerned over the economic outlook amid the headwinds of inflation, supply and worker shortages and the Delta variant. As of Thursday's close, all the three major indexes suffered losses for their month-to-date returns.

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