S&P turns negative in volatile trade

Business

Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid

(Reuters) – The S&P 500 slipped into negative territory in volatile trading on Friday, as it flirted with a key long-term technical indicator, a day after a punishing session for Wall Street on fears of a resurgence in coronavirus infections and economic worries.

At 1:48 p.m. ET, the Dow Jones Industrial Average was down 3.79 points, or 0.02%, at 25,124.38, the S&P 500 was down 9.69 points, or 0.32%, at 2,992.41. The Nasdaq Composite was down 46.24 points, or 0.49%, at 9,446.49.

Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta

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