Equity News
U.S. Indices Took A Break On Friday Awaiting Government’s Decision On Support Plan
On Friday, the New York Stock Exchange ended marginally lower, following records in its key indices, which increased throughout the week. As Friday approached (the last deadline before a “shutdown”), talks in the U.S. Congress on a proposed $900 billion budget funding package have escalated, which can continue over the weekend. Another concern surfaced as Washington put the Chinese chip maker SMIC and 60 other Chinese organizations on the blacklist of the Commerce Department. Oil prices, however, kept increasing, with WTI reaching $50 per barrel. At the close, the Dow Jones index fell -0.41% to 30,179 points, while the large
