The Dow fell for a third straight day Friday while the S&P 500 closed flat. Like yesterday, concerns over slowing global growth and the probability of the U.S. and China reaching a trade deal before deadline weighed on investors.
MX Technologies chief advocacy officer, Jane Barratt:
SOUNDBITE: MX TECHNOLOGIES CHIEF ADVOCACY OFFICER, JANE BARRATT, (ENGLISH) SAYING:
"It's definitely somewhat of a hangover from the trade announcement with the talks being delayed after the respective presidents get together. But I mean the fundamentals of the market are still really strong."
Trade sensitive industrial stocks like Boeing and Caterpillar fell.
So did Amazon.com. The Washington Post reports the online retailer is reconsidering locating part of its new headquarters in New York City because of local opposition.
Mattel shares surged. The toymaker posted a surprise profit for the quarter. Barbie's makeover boosted the bottom line.
Coty shares catapulted. The cosmetics and perfume maker said it expects to post a profit in the second half. Its holiday quarter revenue and adjusted profit beat estimates.
Stocks fell nearly across the board in Europe led by industrials and telecom shares.