Dow set to break month-long weekly winning streak

Wall Street looks set to finish the week on a disappointing note, as shares trade down in a choppy session.

The Dow had rebounded from its lows by the last hour of trading in New York, but was still down 0.25% or 38 points at 15,517. Having been as low as 15,405 at one point, this was something of a comeback, but it means that the Dow is on track to finish the week lower than it started for the first time in five weeks.

The S&P 500 was down just 0.18% at 1687 and the NASDAQ 100 erased its earlier losses completely to rise 0.23%.

It’s been a week where a lot of attention has been focussed on what was happening after the market shut, with Apple, Facebook and Amazon among the big names to have reporting earnings post-market, but for a change there are no major earnings tonight after the bell.

Although the earnings calendar will remain busy next week, investors are likely to shift their attention back to the wider economy for Wednesday’s FOMC rate announcement, Thursday’s manufacturing data and Friday’s employment situation report.

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