US stocks near lower as 2017 draws to a close

The Dow Jones commercial common misplaced 118.29 factors, or 0.forty eight in line with cent, to 24,719.22. The S&P 500 reduced 13.ninety three factors, or zero.52 consistent with cent, to 2,673.sixty one, Xinhua information agency suggested.
The Nasdaq Composite Index was down 46.77 factors, or 0.sixty seven per cent, to 6,903.39.
The S&P 500 has won almost 19.4 consistent with cent this yr, its great yr because 2013, with generation and purchaser discretionary the pinnacle two performers.
The Dow and S&P posted the 5th instantly week of gains ultimate week after US President Donald Trump earlier this month signed a $1.five-trillion tax cut invoice into law.
The tax invoice, the sweeping rewrite people tax law due to the fact that 1986, might cut the corporate profits tax charge to 21 in keeping with cent from the contemporary 35 percent and lower man or woman income prices.
buying and selling has been lighter than typical this week as traders get ready for the new yr excursion. with out a main statistics got here out on Friday, investors paid near interest to the actions in markets including commodities.
Oil charges rose on Friday, with US crude trading above $60 a barrel, as a decline in US manufacturing and commercial crude inventories lifted sentiment.