Commodities, Business & Shipping

Nasdaq closes lower, capping its worst week since April: Live updates​

The Nasdaq Composite moved lower Friday, pressured by more losses in artificial intelligence stocks, and was on pace for a losing week as new economic data added to investors’ fears of a slowdown.

The tech-heavy index shed 0.3%. In contrast, the S&P 500 traded around the flatline, as did the Dow Jones Industrial Average. At their lows of the day, the Nasdaq had pulled back 2.1%, while the broad market S&P 500 and blue-chip Dow had fallen 1.3% and more than 400 points, or roughly 0.9%, respectively.

Stocks came off their lows after Senate Minority Leader Chuck Schumer, D-N.Y., offered up a new plan to Republicans that would enable the record-breaking U.S. government shutdown to end. The proposal would provide short-term funding for federal government operations in exchange for a one-year extension of enhanced Affordable Care Act tax credits.

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Take Five: All about the data, or lack of​

LONDON Nov 7 (Reuters) - From a focus on how quickly tech-driven, frothy equity markets unwind, to the impact of the U.S. shutdown, there's plenty to mull over next week.

And don't forget China data, UK budget speculation and a U.N. climate change summit.

Here's all you need to know about the coming week in financial markets by Rae Wee in Singapore, Alden Bentley in New York and Amanda Cooper, Marc Jones and Libby George in London.

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