Saturday, 5 November 2016

US stocks fall for ninth day

Markets fell on Friday.

The S&P 500 fell 0.2 percent to extend its decline to nine consecutive days, its longest slide since 1980.

US 10-year Treasury yields fell four basis points to 1.78 percent.

Oil fell. US crude fell 1.3 percent and Brent fell 1.7 percent.

A report showing that US payrolls rose 161,000 last month failed to sustainably boost stocks.

Dennis Debusschere, a senior managing director and global portfolio strategist at Evercore ISI, said: “All expectations of the rate outlook and by extension the markets are being muted by election uncertainty.”

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