Dow's 1% Halloween skid wipes out weekly gain

The Dow Jones Industrial Average turned negative for the week Thursday afternoon as losses for the blue-chip index gathered steam. The Dow DJIA, -0.52% was most recently down 259 points, or 1%, at 26,930, with that decline pushing its weekly return into negative territory, down 0.1%, according to FactSet data. The broader market was trading lower amid doubts about a Sino-American trade deal and further evidence that the economy was weakening, even after the Federal Reserve cut interest rates for a third time in a row on Wednesday. The S&P 500 index SPX, -0.30% was down 0.1% at 3,024, after having carved out its second record close this week a day ago. It was up less than 0.1% for the week. Meanwhile, the Nasdaq Composite Index COMP, -0.14% was down 0.5% at 8,259, clinging to a 0.2% weekly gain.

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