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S&P dips; pharmacy shares slide on Amazon threat

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Reuters NEW YORK

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 <.DJI> fell 1.72 points, or 0.01 percent, to 22,773.67, the S&P 500 <.SPX> lost 2.74 points, or 0.11 percent, to 2,549.33 and the Nasdaq Composite <.IXIC> 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)

 

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

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