Roundup: U.S. equities post weekly loss amid inflation concerns
18 Jul 2021, 05:44 GMT+10
NEW YORK, July 17 (Xinhua) -- U.S. stocks declined for the week, pressured by a continued rise in U.S. inflation readings.
For the week ending Friday, the Dow lost 0.5 percent, while the S&P 500 and the tech-heavy Nasdaq Composite dropped 1 percent and 1.9 percent, respectively.
The S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, logged a weekly decrease of 1.2 percent.
A hotter-than-expected report on U.S. inflation became a focus on Wall Street this week.