The major US indices are all closing lower.
- The NASDAQ is down for the 6th’s consecutive day. The index is down -7.98% from the closing level on August 25
- The S&P and Dow industrial average fell 5 the last 6 trading days
- Energy led the S&P 500. Communication services was the big loser
- S&P 500 and worst weekly losing streak since June (3 weeks lower)
- NASDAQ and S&P closed at the lowest level since July 26
- The Dow is closing at its lowest level since July 18
- Dow industrial average -338 points or -1.07% at 31318.43
- S&P index -42.59 points or -1.07% at 3924.27
- NASDAQ index -154.25 points or -1.31% at 11630.87
- Russell 2000-13.07 points or -0.72% at 1809.74
For the trading week:
- Dow industrial average fell -2.97%
- S&P index fell -3.29%
- NASDAQ index fell -4.21%
- Russell 2000 fell -4.74%