U.S. stocks cap off losing week with third-straight drop as rate-hike worries rattle markets

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U.S. stocks finished lower on Friday while all three major indexes kicked off the second half of 2023 with a weekly loss. The Dow Jones Industrial Average retreated by 187.25 points, or 0.6%, to 33,735.01, falling 2% for the week:

U.S. stocks finished lower on Friday, with the S&P 500 sliding for a third-straight day while all three major indexes kicked off the second half of 2023 with a weekly loss. The S&P 500 SPX, -0.29% fell by 12.55 points, or 0.3%, to 4,399.04, bringing its weekly loss to 1.2%, its biggest since the week before last, according to preliminary closing data from FactSet. The Nasdaq Composite COMP, -0.13% shed 18.33 points, or 0.1%, to 13,660.72 while falling 0.9% on the week.

01, falling 2% for the week. Energy stocks were a notable standout on Friday, with the S&P 500 energy sector gaining more than 2% as crude-oil prices saw their biggest weekly jump in three months. Small-cap stocks also outperformed on Friday, with the Russell 2000 rising 24.67 points, or 1.3%, to 1,866.90, although it still fell 1.1% this week.

 

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