Share market lower on weak leads
S&P 500: 4.5%
U.S. equity index: 3.3%
U.S. dollar: 1.939
Source: Thomson Reuters I Know First Algorithm, December 7, 2017
The S&P 500 posted its third consecutive decline Monday afternoon at 2,000 points, with the Nasdaq rising to 3,000 from 2,500, after a sharp selloff in Wall Street and a weakening dollar, according to Thomson Reuters I Know First Algorithm.
The S&P Dow Jones industrial average fell 2.4%, as the Dow fell 2.1%.
"It was also a record low, andgospelhitz the S&P 500 has not been doing well since August," said John Paulson, chief investment officer at Paulson & Co.
Investors are focusing on the possibility that President-elect Donald Trump, who has been pushing China to improve trade ties and crack down on trade protectionism, could pull out of the Trans-Pacific Partnership (TPP) agreement. That would leave the U.S. more isolated and in the lurch if it wanted to compete for trade partners across the region.
"Trump doesn't need to make the trade agenda part of his agenda," Paulson said.
Wall Street was bullish on the Dow in the morning on Wall Street, with the S&P index up 7.1%.
Traders look over data from Thomson Reuters I Know First on November 22, 2017 in New York City. (Photo by Spencer Platt/Getty Images)
The Dow Jones industrial average closed the session at 16,094.21 and the S&P 500 rose 1.6%. The Dow closed above 20,000 for the first time on Dec. 3.
U.S. consumer markets are also off to a shaky start.
The index of non-farm payrolls declined for the third straight session, in line with expectations for a decline. Economists polled by Thomson Reuters were forecasting a gain of 0.1%.
Eco우리카지노nomists also predicted that an ongoing shutdown in the nation's schools will lead to lower job creation for this summer's spring and summer school season, which runs in December.
Th바카라e S&P 500 had fallen for nearly a month during a rally last month but recovered last week, before ending its 12-week losing streak as the Dow was down 0.4%.
Trump on Sunday dismissed the notion that he i