UPDATE: Dow, S&P 500 break eight-week winning streak
U.S. stocks finished the week on a subdued note, as worries over U.S. tax reform and a delay of the promises cut in corporate taxation, weighed on investors' minds. The Dow Jones Industrial Average slipped 0.2% to 23,423, marking its first weekly loss in nine weeks. The S&P 500 dropped 0.1% to finish the week at 2,582 points, also breaking an eight-week winning streak with a slight dip into negative territory on the week. The Nasdaq Composite meanwhile ended the day marginally higher at 6,751 points, sliding 0.2% on the week. In individual stocks, chip maker Nvidia Corp. (NVDA) rose 4.9% on the back of better-than-expected earnings, while Walt Disney Co. (DIS) shares were up 2.1% despite an earnings-miss, thanks to the announcement of new Star Wars projects.
-Anneken Tappe; 415-439-6400; AskNewswires@dowjones.com
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11-10-17 1704ETCopyright (c) 2017 Dow Jones & Company, Inc.