03.11.2016 21:28:25

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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