蜜臀av性久久久久|国产免费久久精品99|国产99久久久久久免费|成人精品一区二区三区在线|日韩精品一区二区av在线|国产亚洲欧美在线观看四区|色噜噜综合亚洲av中文无码|99久久久国产精品免费播放器

U.S. stocks close lower on government shutdown concerns

Source: Xinhua| 2018-01-17 05:55:22|Editor: yan
Video PlayerClose

NEW YORK, Jan. 16 (Xinhua) -- U.S. stocks ended lower on Tuesday, after touching record highs earlier in the session, as investors weighed the possibility of a government shutdown.

The Dow Jones Industrial Average lost 10.33 points, or 0.04 percent, to 25,792.86. The S&P 500 erased 9.82 points, or 0.35 percent, to 2,776.42. The Nasdaq Composite Index was down 37.38 points, or 0.51 percent, to 7,223.69.

Congress needs to pass a spending bill by Friday to avoid a government shutdown, according to CNBC. Analysts said a point of contention between Republicans and Democrats is an immigration bill which Democrats want to pass, which have complicated efforts to keep the government open.

Historical data showed that the S&P 500 averages a negative return of 0.3 percent one week after the government shuts down, according to market analysts.

U.S. stocks rallied earlier on Tuesday, with the Dow touching 26,000 for the first time, as key corporate earnings came out better than expected.

Earnings season is off to a strong start thus far. According to financial research company FactSet, of the S&P 500 companies that had reported as of Friday, 69 percent have surpassed earnings-per-share estimates while 85 percent have beaten expectations on the top line.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521369007581