U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year.
Major indexes posted their first negative week in four.
The Dow Jones industrial average .DJI fell 28.01 points, or 0.15 percent, to 18,240.49, the S&P 500 .SPX lost 7.03 points, or 0.33 percent, to 2,153.74 and the Nasdaq Composite .IXIC dropped 14.45 points, or 0.27 percent, to 5,292.41.
Most Asian stocks advanced ahead of the second U.S. presidential debate as materials and consumer companies gained.
The MSCI Asia Pacific excluding Japan Index added less than 0.1 percent as of 8:34 a.m. in Hong Kong. Australian stocks climbed while shares in New Zealand and South Korea fell. U.S. presidential nominee Donald Trump’s reputation took a blow ahead of a closely watched debate with Hillary Clinton after a 2005 video surfaced of him talking in vulgar and degrading terms about women. An American jobs report on Friday showed its central bank remains on course to lift interest rates in December.
Reference: Reuters, Bloomberg
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