• Global Stocks

Market news

18 July 2016

Global Stocks

European stocks slipped Friday, with travel shares lower after a deadly terrorist attack left more than 80 people dead in Nice, France.

The Stoxx Europe 600 SXXP, -0.17% shed 0.2% to close at 337.92, partly erasing a 0.8% advance from Thursday.

Stocks in Europe were rallying earlier in the week on the prospect of more easing measures from global banks including the BOE and Bank of Japan, meant to ease concerns over slow global growth and the fallout from the Brexit vote.

U.S. stocks closed at their third-straight week of gains Friday, as the S&P 500 Index and the Nasdaq Composite Index retreated slightly on the session and the Dow Jones Industrial Average gained slightly for a fourth straight day of record closing highs. The Dow industrials DJIA, +0.05% rose 10.14 points, or less than 0.1%, to close at 18,516.55, a fresh closing high for the average, for a 2% weekly gain. The S&P 500 SPX, -0.09% slipped 2.01 points, or 0.1%, to close at 2,161.74, for a weekly gain of 1.5%. The Nasdaq COMP, -0.09% declined 4.47 points, or 0.1%, to finish at 5,029.59, for a weekly gain of 1.5%.

Stocks in Shanghai declined after posting three straight weekly gains, with developers leading losses on signs China's property market is cooling.

The Shanghai Composite Index slipped 0.1 percent at the midday break after dropping as much as 0.7 percent. Future Land Holdings Co. retreated the most in a week following data showing home-price gains tapered off last month as more cities imposed housing curbs. Yanzhou Coal Mining Co. slid for a fourth day, pacing losses for a measure of energy companies.

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