03.11.2016 21:28:25
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Stocks Extend Slide On Trump Resurgence -- U.S. Commentary
(RTTNews) - U.S. stocks continued to struggle Thursday, as traders have become increasingly nervous that Donald Trump will win the presidential election.
The prospect of a protectionist in the White House has been spooking markets all week.
Lackluster economic data contributed to the weakness on Wall Street ahead of tomorrow's October jobs report.
The S&P 500 was down for an eighth straight session, the longest losing streak since 2008.
The S&P 500 shed 9.27 points, or 0.4%, to 2,088.66.
Facebook (FB) shares slipped to a 3-month low after earnings were reported after the closing bell yesterday.
FB Revenues surged 56 percent to $7.01 billion from $4.50 billion last year. The consensus estimates were for EPS of $0.97 and revenues of $6.92 billion.
The Dow Jones Industrial Average lost 28.49 points, or 0.2%, to 17,931.22.
The Nasdaq Composite Index shed 47.16 points, or 0.9%, to 17,930.74.
Starbucks shares rallied after-market by 5.7% after on strong earnings and a dividend hike.
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