· The S&P 500 fell slightly on Friday after reaching a fresh record high earlier in the day as Wall Street concluded a strong week of gains.
The broad index ended the day down 0.1% at 2,950.46 after hitting an intraday all-time high of 2,964.15. The S&P 500 posted a record close in the previous session. The Dow Jones Industrial Average closed 34.04 points lower at 26,719.13 while the Nasdaq Composite lost 0.2% to end the day at 8,031.71.
The major stock indexes jumped to their session highs after Dow Jones reported that Vice President Mike Pence would postpone a China policy address amid “positive signs” on trade. But stocks pared most of those gains after the Commerce Department barred five additional Chinese companies from buying U.S. components without approval.
· European stocks took a downward turn on Friday afternoon, amid intensifying fears of a military confrontation in the Middle East.
Despite making gains on Friday morning, the pan-European Stoxx 600 traded lower during afternoon deals and ended the session in the red. Most sectors and major bourses were in negative territory.
· Stocks in Asia Pacific traded lower on Monday morning as tensions between the U.S. and Iran continued to linger after the latter shot down an American surveillance drone.
Japan’s Nikkei 225 declined 0.22% in early trade, while the Topix index slipped 0.2%.
Over in South Korea, the Kospi was fractionally lower.
Reference: CNBC
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