How major U.S. stock indexes fared Friday

Roman Schwartz
August 12, 2018

The Russell 2000 is up 17.52 points, or 1 per cent.

Aug 10 (Reuters) - The Dow Jones Industrial Average fell more than 200 points on Friday amid a widespread selloff in global stocks as the Turkish lira tumbled due to concerns over the country's economy and a deepening rift with the United States.

The S&P 500 opened lower by 13.94 points, or 0.49 per cent, at 2,839.64.

Citigroup, the most global of the major US banks, fell 2.3 percent.

The TSX's energy group rose 0.22 points, or 0.11 per cent, while the financials sector slipped 1.81 points, or 0.59 per cent.

The Russell 2000 is up 151.29 points, or 9.9 percent.

Microchip Technology shares fell 11.6 percent after disappointing second-quarter revenue forecast.

USA market indexes saw a decline in Treasury yields Friday as concerns over Turkey's currency caused increased buying of open market Treasuries.

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Investors fled to safe-haven assets, pushing the dollar to a 13-month high and weighing on US bond yields that slipped to a three-week low.

"It was a classic risk-off move", said Quincy Krosby, chief market strategist at Prudential Financial in New Jersey.

The S&P 500 is up 179.97 points, or 6.7 per cent.

The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares.

China's tit-for-tat response to the Trump administration's latest round of tariffs dragged down shares of trade-sensitive stocks such as Caterpillar and Boeing.

The Dow Jones Industrial Average .DJI fell 74.52 points, or 0.29 percent, to 25,509.23, the S&P 500 .SPX lost 4.12 points, or 0.14 percent, to 2,853.58 and the Nasdaq Composite .IXIC added 3.46 points, or 0.04 percent, to 7,891.78.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers. The Nasdaq Composite dropped 57.07 points, or 0.72 per cent, to 7,834.71 at the opening bell.

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