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US stocks close lower as 2017 draws to a close

Cover of The Harriman Stock Market Almanac 2018 by Stephen Eckett New York, December 30 (IANS): US stocks ended lower on Friday, the last trading day this year.

The Dow Jones Industrial Average lost 118.29 points, or 0.48 per cent, to 24,719.22. The S&P 500 decreased 13.93 points, or 0.52 per cent, to 2,673.61, Xinhua news agency reported. The Nasdaq Composite Index was down 46.77 points, or 0.67 per cent, to 6,903.39...

... Both the FTSE 100 index of leading blue chip companies and the FTSE 250 reached new records at the close of trading on Friday, BBC reported.

... Stephen Eckett, author of the annual Harriman Stock Market Almanac, said: “All the dangers that were anticipated with a Trump administration haven’t materialised.” The FTSE 100 finished up 7.6 per cent at 7,687.77 compared with the last day of trading in 2016.

Meanwhile, the FTSE 250 ended 14.7% ahead at 20,726.26 compared with the end of last year.

Eckett said: “It has been a little bit of a surprise to many people that markets were are strong as they were this year.”
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