Nasdaq snaps four-day losing streak, but U.S. stocks book worst week in three

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks finished modestly higher on Friday, but Wall Street still suffered a losing week amid renewed concerns that the Federal Reserve may keep interest...

U.S. stocks finished modestly higher on Friday, but Wall Street still suffered a losing week amid renewed concerns that the Federal Reserve may keep interest rates higher for longer. The S&P 500 SPX, +0.14% booked a 1.3% weekly loss, while the Dow Jones Industrial Average DJIA, +0.22% fell 0.8% and the Nasdaq Composite COMP, +0.09% dropped 1.

9% for the week. All three major indexes logged their worst weekly decline since August 18, according to Dow Jones Market Data. Meanwhile, investors looked ahead to inflation data, with readings on the consumer-price index and producer-price index next week expected to offer further clues on the central bank’s rate decision at its next policy meeting.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UiPath earnings top Wall Street view, forecast less soUiPath Inc. shares initially fell under pressure in the extended session Wednesday after the AI startup’s forecast overshadowed its earnings beat. UiPath...
Source: MarketWatch - 🏆 3. / 97 Read more »