EBAY Stock Price – eBay Inc. Stock Quote (U.S.: Nasdaq)

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Dow logs a gain, but set for worst weekly decline in more than a year ahead of jobs report

U.S. stock indexes ended mostly lower on Thursday, in a bumpy day of trade as concerns about a pick up in inflation and rising bond yields fostered emerging volatility on Wall Street. The Dow Jones Industrial Average closed up about 37 points at 26,186, with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. , buoying the blue-chip gauge as borrowing costs rose. The Dow was on track for its worst weekly loss, off 1.6%, since the 2.2% weekly decline back in Sept. 9, 2016, according to FactSet data. The S&P 500 index lost 2 points, or 0.1%, at 2,821, tracking its steepest weekly drop since Nov. 4, 2016, while the Nasdaq Composite Index ended the session off 0.4% at 7,385. The Nasdaq is on pace for its worst weekly slide since June. The 30-year Treasury yield hit 3%, marking its highest level since May and underlining a steady reflation taking place in government bonds, which can erode appetite for assets perceived as risky like stocks. The moves for equities come ahead of an important job market report on Friday, which should indicate whether wages are rising. In corporate news, shares of eBay Inc. finished up about 14% after announcing plans to take over payments from PayPal Holdings Inc. . Market participants were looking to quarterly results from Apple Inc. after the close.




Source : MTV