Markets Lose for the Day, Gain for the Week

Dow falls 255
By Newser Editors and Wire Services
Posted Oct 18, 2019 3:10 PM CDT
Markets Lose for the Day, Gain for the Week
In this Oct. 2, 2019, file photo specialist Michael Gagliano works at his post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

Stocks closed lower on Wall Street Friday, weighed down by losses in technology and communications companies. Microsoft lost 1.6%, and Facebook gave up 2.4%. Makers of consumer products were bucking the downward trend, however. Coca-Cola rose 1.8% after turning in a solid quarterly earnings report. The market recorded its second weekly gain after three straight losing weeks. But on Friday, the S&P 500 fell 11 points, or 0.4%, to 2,986, per the AP. The Dow Jones Industrial Average fell 255 points, or 1%, to 26,770, and the Nasdaq fell 67 points, or 0.8%, to 8,089. Bond prices rose, and the yield on the 10-year Treasury fell to 1.75%.

(Read more stock market stories.)

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