US shares shrink
Monday, 14 July 2014
US stocks retreated this week following a light calendar of economic news punctuated by a brief mid-week swoon over troubles at a leading Portuguese bank. Equities scored modest gains on Friday, partially offsetting the losses from the prior day when worries about Portugal's banking system rocked the market. But Friday's increases were not enough to offset earlier losses. The Dow Jones Industrial Average fell 124.45 points (0.73 per cent) to 16,943.81. The broad-based S&P 500 dropped 17.87 (0.90 per cent) to 1,967.57, while the tech-rich Nasdaq Composite Index gave up 70.44 (1.57 per cent) at 4,415.49, according to AFP.