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Markets End the Week With a Loss

Dow falls 68
By Newser Editors and Wire Services
Posted Jul 19, 2019 3:20 PM CDT
Specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange, Friday, July 19, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks gave up an early gain and closed broadly lower, giving the market its first weekly loss after two weeks of gains. Indexes set record highs on Monday but then wobbled for the rest of the week. Traders assessed a mixed bag of earnings reports from big companies Friday including Microsoft and American Express. They're also trying to guess how much the Federal Reserve will cut interest rates at the end of July. The S&P 500 fell 18 points, or 0.6%, to 2,976, per the AP. The Dow Jones Industrial Average lost 68 points, or 0.3%, to 27,154, and the Nasdaq gave up 60 points, or 0.7%, to end at 8,146. (Read more stock market stories.)

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