Monday, 3 June 2013

U.S.MARKET UPDATE

U.S. stocks sold off in late trading to close sharply lower on Friday, with the S&P 500 posting consecutive weekly losses for the first time since November, as investors retreated after a seven-month run of gains.  


The Dow Jones industrial average slid 208.96 points, or 1.36 percent, to close at 15,115.57. The Standard & Poor's 500 Index lost 23.67 points, or 1.43 percent, to finish at 1,630.74. The Nasdaq Composite Index fell 35.38 points, or 1.01 percent, to end at 3,455.91.

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