Wall Street wanes on Fed uncertainty, S&P dips for third day

NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday with the three major U.S. stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.

The Dow Jones industrial average edged up 8.60 points, or 0.06 percent, to end unofficially at 15,303.10. The Standard & Poor's 500 Index dipped just 0.91 of a point, or 0.06 percent, to finish unofficially at 1,649.60. The Nasdaq Composite Index inched down a mere 0.27 of a point, or 0.01 percent, to close unofficially at 3,459.14.

For the week, the Dow slipped 0.3 percent, while the S&P 500 and the Nasdaq each lost 1.1 percent. (Reporting by Leah Schnurr; Editing by Jan Paschal)


Updated Date: May 25, 2013 02:00 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent