REUTERS: Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China.
J&J said it would recall a single lot of its baby powder in the United States after the Food and Drug Administration found trace amounts of asbestos in samples taken from a bottle purchased online. The Dow Jones Industrial Average was down 181.73 points, or 0.67per cent, at 26,844.15, the S&P 500 was down 12.79 points, or 0.43per cent, at 2,985.16 and the Nasdaq Composite was down 79.13 points, or 0.97per cent, at 8,077.72.
Investors are now gearing up for earnings from technology companies next week, including those from Microsoft Corp and Intel Corp . Technology firms make up the largest swath of the U.S. stock market.Analysts still expect third-quarter S&P 500 earnings to have fallen by 3.1per cent, according to Refinitiv data, the first contraction since mid-2016.
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