Don’t miss the latest developments in business and finance.

S&P dips; pharmacy shares slide on Amazon threat

Image
Reuters NEW YORK
Last Updated : Oct 07 2017 | 1:57 AM IST

NEW YORK (Reuters) - The S&P 500 dipped on Friday, breaking an eight-day streak of gains, as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment while pharmacy shares declined on fear of competition from Amazon.

The Dow Jones Industrial Average fell 1.72 points, or 0.01 percent, to 22,773.67, the S&P 500 lost 2.74 points, or 0.11 percent, to 2,549.33 and the Nasdaq Composite added 4.82 points, or 0.07 percent, to 6,590.18.

For the week, the Dow gained 1.6 percent, the S&P added 1.2 percent and the Nasdaq rose 1.45 percent.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 07 2017 | 1:47 AM IST

Next Story