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Posted On Aug 15 2017 by

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S P 500 Index

  • Jun. 9, 2017 at 4:09 p.m. ET
  • by Tomi Kilgore

The Nasdaq closed sharply lower from record highs Friday as several big tech names sold off ahead of the Federal Reserve s expected rate hike next week. The Nasdaq Composite Index closed down 113.85 points, or 1.8%, it s largest one-day drop since May 17, at 6,207.92, with huge losses from Apple Inc. Nvidia Corp. Netflix Inc. Alphabet Inc. and Amazon.com Inc. to end the week 1.6% lower. The Dow Jones Industrial Average finished up 89.44 points, or 0.4%, at 21,271.79, for a 0.3% gain on the week. The S P 500 index finished down 2.02 points, or 0.1%, at 2,431.77, with the tech sector plummeting 2.8%, offsetting a 2.5% gain in energy stocks. The S P 500 finished 0.3% lower on the week.

  • Jun. 9, 2017 at 4:08 p.m. ET
  • by Wallace Witkowski

S P 500 ends down less than 0.1%

S P 500 ends down less than 0.1%

  • Jun. 9, 2017 at 4:01 p.m. ET
  • by Mark DeCambre

Nasdaq Composite plunges 1.8%, logs worst daily decline in month

Nasdaq Composite plunges 1.8%, logs worst daily decline in month

  • Jun. 9, 2017 at 4:00 p.m. ET
  • by Mark DeCambre

Dow books fresh record, up 0.4%

Dow books fresh record, up 0.4%

  • Jun. 9, 2017 at 4:00 p.m. ET
  • by Mark DeCambre

What a week: Dow, Nasdaq close out the week very differently

What a week: Dow, Nasdaq close out the week very differently

  • Jun. 9, 2017 at 4:00 p.m. ET
  • by Mark DeCambre

XBiotech Inc. s stock plunged 62% toward a record low in afternoon trade Friday, after the company said an independent data monitoring committee (IDMC) recommended the discontinuation of a Phase-3 trial for the company s colorectal cancer treatment because it failed to meet threshold requirements for continuation. The stock was halted for trading for news until 3:30 p.m. ET. The IDMC said it had no safety concerns, but the findings were not sufficient to meet efficacy endpoints. We are obviously disappointed with these findings. In the coming weeks, the company plans to analyze the data extensively to further understand the primary and secondary endpoint data, as well as to identify populations that may have benefited from the therapy, said XBiotech Chief Executive John Simard. These findings today will not affect our efforts to pursue approval of the therapy based on the successful completion of the European study, which demonstrated control of debilitating symptoms in colorectal cancer. The stock has tumbled 64% year to date, while the iShares Nasdaq Biotechnology ETF has climkbed 11% and the S P 500 has gained 8.5%.

  • Jun. 9, 2017 at 3:32 p.m. ET
  • by Tomi Kilgore
  • Jun. 9, 2017 at 3:00 p.m. ET
  • by Ryan Vlastelica
  • Jun. 9, 2017 at 2:50 p.m. ET
  • by Claudia Assis

Dow Jones Industrial Average turns negative in afternoon trading

Dow Jones Industrial Average turns negative in afternoon trading

  • Jun. 9, 2017 at 2:49 p.m. ET
  • by Ryan Vlastelica

Shares of Advanced Micro Devices Inc. sank 5.2% in afternoon trade Friday, marking an abrupt end to the recent win streak, amid a broad selloff in the technology sector. AMD shares, which were up as much as 3.9% earlier in the session, started sinking just before noon, along with tech-heavy Nasdaq Composite, with some analysts attributing the sudden weakness to profit-taking ahead of the weekend. The Nasdaq Composite was slumped 1.5%, after being up as much as 0.3% at a record intraday high earlier, while the S P 500 eased just 0.1%. AMD s stock had rocketed 18% during the four-session win streak through Thursday, as investors focused on Apple Inc. s mention of the company s chips and recent strong demand from the gaming and cryptocurrency sectors.

  • Jun. 9, 2017 at 2:21 p.m. ET
  • by Tomi Kilgore
  • Jun. 9, 2017 at 2:15 p.m. ET
  • by Mark DeCambre

Last Updated on: August 14th, 2017 at 10:02 pm, by


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