NEW YORK — Wall Street had a wobbly finish to its best week of the year so far. The S&P 500 ended 0.1% lower Friday after spending the day bouncing between gains and losses. It set all-time high in each of the last three days. The Dow Jones Industrial Average slumped 0.8%, and the Nasdaq composite edged up 0.2%. Nike dragged on the market despite reporting stronger results than expected.
Shares of Lululemon Athletica also dropped despite a better-than-expected profit report. The athletic apparel company gave forecasts for revenue and profit over the upcoming fiscal year that fell short of analysts’ expectations, and it sank 15.2%. Some of the market's wildest action was centered on Digital World Acquisition Corp. The company's shareholders on Friday approved a merger with the company behind former President Donald Trump's Truth Social platform. Its stock went from a 12% gain early in the day to a 12% drop before paring its loss to 5.9%.
In the bond market, Treasury yields sank to pull back further for the week. The yield on the 10-year Treasury fell to 4.21% from 4.27% late Thursday.
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