U.S. STOCKS SLUMP AGAIN, S&P 500 HEAD TOWARDS FOURTH WEEK OF LOSSES

Highlights

• The Dow Jones Industrial Average index slumped 0.2 percent on Friday morning, while the broader S&P 500 index also fell 0.2 percent continuing to post losses for fourth consecutive week

• According to the statement issued by the Commerce Department on Friday, the recent economic data states that new orders for durable goods went up by 0.4 percent in the month of August as compared with July