S & P 500, Nasdaq, 4th defeat in a row, Dow erases weekly gain as Chinese tariff breaks Wall Street



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US stocks ended the day and week down on Friday after President Donald Trump said the US had tariffs ready to go on $ 267 billion worth of Chinese products, in addition to rights of $ 200 billion dollars that the administration is currently preparing. The Dow Jones Industrial Average

DJIA, -0.31%

closed the session of about 80 points, or 0.3%, to 25,916 and closed the short week of Labor Day with a loss of 0.2%. The S & P 500 index

SPX, -0.22%

ended the session down 0.2% to about 2,872 and posted a 1% weekly decline, while the Nasdaq Composite Index

COMP -0.25%

The session ended the session down 0.3% to 7,902, which allowed to cap its worst weekly decline to 2.55% since the period ended March 23, according to FactSet data. Friday's crash marks the fourth consecutive drop for the S & P 500 and Nasdaq. Concern over US-China trade disputes and tense discussions with Canada to reorganize the North American Free Trade Agreement dominated the week and weighed on investor sentiment. Commercial anxiety has overshadowed an essentially strong report on employment. The employment report, closely monitored by the Labor Department on Friday, showed that 201,000 jobs had been created in August, a figure slightly higher than analysts' expectations. The unemployment rate remained stable at 3.9%.

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