Autos industry

The performance of the U.S. stock market was influenced by factors such as the strike in the autos industry and the settlement day for the fourth phase index. The Dow Jones Industrial Average closed down 288 points on Friday.

After a slight 5-point decline, the Dow Jones Industrial Average fell by a maximum of 334 points, reaching a low of 34572 points. The Nasdaq Composite Index, which is mainly composed of technology stocks, temporarily dropped by 1.74%. At the close of the U.S. market, the Dow Jones Industrial Average was still down 288 points or 0.83%, at 34618 points; the S&P 500 Index fell by 1.22% to 4450 points; the Nasdaq Composite Index declined by 1.56% to 13708 points; and the Golden Dragon Index, which reflects the performance of Chinese concept stocks, gave up 0.65%.

For the week, the Dow Jones Industrial Average inched up 0.12%, while the S&P 500 Index and the Nasdaq Composite Index declined by 0.16% and 0.39% respectively.