Markets Now: Dow Drops 105 Points as Turkey Finally Matters
Aug 13 2018
The S&P 500 erased 0.075 point, or 0.03 per cent, to 2,857.70, Xinhua news agency reported.
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple (AAPL.O) and Amazon (AMZN.O) were offset by losses in energy and financial shares.
The S&P 500 index slipped after coming within spitting distance of a record high following a four-day rise.
The Russell 2000 index of smaller-company stocks fell 4.08 points, or 0.2 per cent, to 1,686.80.
The benchmark index is less than half a percent shy of the record it hit January 26, while the Nasdaq was close to an all-time record as well.
Year to date, the Dow Jones has a gain of 4.29%, the S&P 500 has gained 7.73% and the Nasdaq Composite has a return of 14.74%.
Shares of Apple rose 1.1 percent, while those of Amazon were up 1.0 percent and Microsoft rose 0.3 percent. In corporate news, shares of Dropbox Inc. were lower after a second-quarter earnings report, which also included news that Chief Operating Officer Dennis Woodside was stepping down and a post-IPO lockup on shares would expire earlier than previously planned.