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Stocks Cap Wild Week With Losses

Dow falls 90
By Newser Editors and Wire Services
Posted Aug 9, 2019 3:10 PM CDT
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Specialist Anthony Rinaldi works on the floor of the New York Stock Exchange, Friday, Aug. 9, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks stumbled on Wall Street Friday, after veering between modest and sharp losses, as worries flashed yet again about President Trump's trade war with China. The declines bookend a wild week where markets zoomed down, up, and down again as investors struggled to make sense of a trade dispute whose resolution suddenly seems much more uncertain. The S&P 500 index fell 19 points to 2,918; the Dow Jones Industrial Average fell 90 points to 26,287; and the Nasdaq composite fell 80 points to 7,959.

The S&P 500 sank as much as 1.3% Friday afternoon after Trump said that it would be "fine" if a meeting on trade with China next month doesn't happen, before eliminating most of the loss, per the AP. Treasury yields jostled up and down, while the price of crude oil clawed back some of its sharp losses from earlier in the week. Gold, which jumped earlier in the week as investors rushed for things seen as safe, was steady. Underscoring the uncertainty, investors said they had no good explanations for some of the sharp swings in price that stocks had over the last week.

(Read more stock market stories.)

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