S&P 500, Dow scale new peaks; Nasdaq hit by Facebook
Oct 22, 2021 42 secs

Oct 22 (Reuters) - The Dow and S&P 500 reversed course to trade lower on Friday, while the Nasdaq fell more than 1% after comments on stimulus tapering from Federal Reserve Chair Jerome Powell spooked markets trading at record levels.

The Dow and the S&P 500 had hit record highs earlier in the session on positive earnings from American Express, before Powell said that the U.S.

The benchmark S&P 500 index (.SPX) is still set for its third straight week of gains, rising about 1.4% this week.

ET, the Dow Jones Industrial Average (.DJI) was down 19.18 points, or 0.05%, at 35,583.90, the S&P 500 (.SPX) was down 17.70 points, or 0.39%, at 4,532.08 and the Nasdaq Composite (.IXIC) was down 159.06 points, or 1.05%, at 15,056.64.

The S&P index recorded 80 new 52-week highs and no new low, while the Nasdaq recorded 116 new highs and 109 new lows

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