Expert answer:Write the forces of the article
Solved by verified expert:Follow the uploaded instructors.
how_to_do_it.pdf
the_article.docx
Unformatted Attachment Preview
Scanned by CamScanner
Scanned by CamScanner
U.S. Stocks Slide, on Track for
Small Weekly Losses
Moves cap a wobbly week for stock markets around the world
By
Georgi Kantchev and
Lucy Craymer
Updated Nov. 17, 2017 9:44 a.m. ET
0 COMMENTS
U.S. stocks stalled Friday, setting up the S&P 500 and Dow Jones Industrial Average to eke out
narrow losses for the week.
The Dow Jones Industrial Average lost 70 points, or 0.3%, to 23388 and the S&P 500 fell 0.2%,
losing some momentum after both indexes notched their biggest one-day gains since September
on Thursday.
The Nasdaq Composite edged down less than 0.1%.
Friday’s moves came after a wobbly couple of days for stock markets around the world. Strong
company earnings and solid economic growth have underpinned a broad-based rally in bourses
from New York to Tokyo this year. But with the S&P 500 up more than 15% since January,
some investors are asking how long the upswing can last, leading to several down sessions in
recent days.
“We had a decent run-up in stocks, but there are many unknowns out there,” said Sam Stovall,
chief investment strategist at CFRA Research, citing risks emanating from U.S. political
developments, geopolitical tensions or a possible worsening in economic numbers. “The boxer is
rarely felled by the punch he expects.”
The prospect of a significant tax overhaul in the U.S. has helped stock markets move higher in
recent weeks. On Thursday, the House of Representatives passed a bill that would reduce the
corporate tax rate to its lowest point since 1939 and cut individual taxes for most households in
2018. But hurdles remain as focus now shifts to the Senate, which is contending with debate over
its own bill.
Elsewhere, the Stoxx Europe 600 was down 0.4%, dragged down by losses in the health care and
financial sectors.
A trader on the floor of the New York Stock Exchange on Thursday. PHOTO: RICHARD DREW/ASSOCIATED
PRESS
In China, stocks fell amid worries about the economy. Recent soft data spooked investors,
resulting in the People’s Bank of China injecting more money into the financial system this week
than at any time since the typical jump before the Lunar New Year holiday period. The Shanghai
Composite Index was down 0.5% while most other Asian markets finished higher for the day.
David Millhouse, head of China research and strategy at Forsyth Barr, said he believes there will
be more volatility in the year-end period.
“It’s been a strong year” for stocks, notably in Asia, “and with a few macro and geopolitical
headwinds popping up, it’s certainly possible some people move to lock in profits.”
In commodities markets, oil futures gained, with U.S. crude up 1.3% to $56.09 a barrel.
Government bonds edged higher, with the yield on the benchmark 10-year U.S. Treasury note
falling to 2.345%, according to Tradeweb, from 2.361% Thursday. Yields move inversely to
prices.
Write to Georgi Kantchev at georgi.kantchev@wsj.com and Lucy Craymer at
…
Purchase answer to see full
attachment
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades