Saudi- Wall Street slips heading into holiday

(MENAFN- Saudi Press Agency)
NEW YORK, Rabi'II 4, 1439, Dec 22, 2017, SPA -- Wall Street's major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped, including Nike.
Nike Inc shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market.
UnitedHealth Group Inc was down 0.8 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA for $2.8 billion.
The Dow Jones Industrial Average fell 28.23 points, or 0.11 percent, to 24,754.06, the S&P 500 lost 1.23 points, or 0.05 percent, to 2,683.34 and the Nasdaq Composite dropped 5.40 points, or 0.08 percent, to 6,959.96.
For the week, the Dow rose 0.42 percent, the S&P gained 0.29 percent and the Nasdaq added 0.34 percent.
Wildly volatile bitcoin plunged below $12,000, losing around a third of its market value in five days, before rebounding to above $14,000.
--SPA
04:00 LOCAL TIME 01:00 GMT

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