Slide Down on Wall Street

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Slide Down on Wall Street
Photo: Mary Altaffer/AP/TT

Leading indexes on the American stock exchanges fell on Friday. The broad S&P 500 index and the Dow Jones industrial index both lost 0.3 percent, while Nasdaq's technology-heavy composite index fell 0.5 percent.

Among the losers was the electronics company Texas Instruments, despite the company reporting a higher profit than expected in its latest quarterly report. Investors focused on the fact that the profit in relation to sales was not satisfactory – and the stock plummeted 7.5 percent.

On the other hand, the Danish pharmaceutical giant Novo Nordisk did well. The stock rose 8.5 percent after the company presented a successful study of a new medicine against obesity and overweight.

Calculated over the entire past week, the S&P 500 index rose 1.7 percent, the Dow Jones 2.2 percent, and Nasdaq 1.7 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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