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Pressured by Boeing and J&J, Wall Street ended down 0.95%


NEW YORK (Reuters) – The New York Stock Exchange ended down -0.95% on Friday after a session marked by poor Chinese growth results and Boeing and Johnson & Johnson's disappointment.

The Dow Jones index fell 255.68 points to 26,770.20.

The broader S & P-500 lost 11.75 points, or 0.39%, to 2,986.20.

Nasdaq Composite rose / fell on its side from 67.31 points (-0.83%) to 8,089.54 points.

Over the past week, the Dow Jones fell from last Friday. S & P-500 and Nasdaq rose this week.

China's GDP growth slowed in the third quarter to 6.0% YoY, the lowest rate since 1992.

On the values ​​front, Boeing's share price has been shaken by a Reuters report, which reported at noon that US manufacturers had sent a message to the Federal Civil Aviation Agency (FAA) in 2016 between two employees appearing to show that supervisory authorities were misleading about the anti -install 737 MAX, an aircraft is banned from flying around the world after two air disasters.

The Boeing title ended with a 6.79% decline to 344 dollars.

The Johnson & Johnson group also lost positions after announcing on Friday in the market-ahead the withdrawal of a collection of baby powder in the United States, the Food and Drug Administration has found traces of asbestos in samples taken from a bottle purchased online.

At the close, J&J shares lost 6.22% to 127.70 dollars.

Solid results announced by Coca Cola (+ 1.84%) and Schlumberger (+ 1.32%) help limit damage.

On the Brexit front, it is not possible to predict what will be a session scheduled for Saturday at Westminster, where Boris Johnson no longer has a majority and where it will be necessary to seek votes even in the ranks of the Labor opposition's ranks. he wants to get through a divorce agreement that he almost didn't end this week with Europeans.

Michael Hewson, Chief Analyst at CMC Markets in London, further pointed out that whatever the results of the vote, the Brexit series will continue. "If MPs clog their nose and vote for the agreement, we can at least move to phase 2, namely negotiating new relations (between the UK and the European Union). The European Union) during the transition period for the next 14 months," he added.

In the near future, the possibility of seeing London and Brussels finally agreeing to the conditions of divorce which was decided through a referendum on June 23, 2016 pushed up the euro and pound sterling, and pushed back the dollar.

(Stephen Culp, Henri-Pierre André for French services)

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