US Markets end at session lows
The S&P 500 closed 0.18% lower at 2,425.55, after falling as much as 0.5%. The Dow Jones industrial average closed 76.22 points lower at 21,674.51; it jumped about 130 points off its earlier lows on Bannon’s exit. The Nasdaq composite slipped 0.09% to close at 6,216.53.
The Dow and the S&P fell 0.8% and 0.7% for the week, respectively, marking their first two-week losing streak since May, 2017. The Nasdaq, meanwhile, posted a four-week losing streak, its longest of the year.
S&P 500 earnings rose 10.8% for the second quarter; marking the first time since 2011 the index has posted two quarters of double-digit gains.
Equities began the session trading lower on growing concerns that President Donald Trump would not be able to move forward with his pro-growth economic agenda.