All three major U.S stock indices pulled back this week, as earnings season wound down and retail earnings painted a mixed picture of the state of the economy. The S & P 500 closed out the week down more than 2%, while the Nasdaq Composite lost 2.6% — with both averages tumbling for a third-consecutive week. The Dow Jones Industrial Average ended the week lower by 2.2%.
Shoppers carry retail bags along the Magnificent Mile shopping district in Chicago, Illinois, on Tuesday, Aug. 15, 2023.All three major U.S stock indices pulled back this week, as earnings season wound down and retail earnings painted a mixed picture of the state of the economy.
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