Saturday, 8 April 2017

Wall Street down after weak jobs, Fed comments, Syria airstrikes

Wall Street's three major indexes edged lower on Friday in a choppy session as investors grappled with a weaker-than-expected job report, the US airstrike in Syria and a top Federal Reserve official's comments on trimming the US central bank's balance sheet.

Investors were trying to work out how the developments would affect US President Donald Trump's ability to proceed with his pro-business agenda. The market rallied sharply after Trump's November 8 election on his promises for tax cuts, spending and lighter regulation, but investors increasingly have been questioning whether the proposals would ever materialise.

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Riyanshi

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