U.S. stocks finish lower but cling to weekly gains as Nasdaq beats Dow by widest margin since 2020

U.S. stocks finished lower on Friday as worries about banking-sector stability reemerged. But Friday’s pullback wasn’t large enough to stop both the S&P 500 and Nasdaq Composite from finishing the week in the green, while the Dow was the only major U.S. equity benchmark to finish lower. The S&P 500 SPX, -1.10% shed 43.69 points, or 1.1%, to finish Friday at 3,916.

59 according to preliminary closing data, reducing its weekly gain to 1.4%. The Dow Jones Industrial Average DJIA, -1.19% fell by 384.43 points, or 1.2%, to 31,862.12, for a weekly drop of 0.2%. The Nasdaq Composite COMP, -0.74% declined by 86.76 points, or 0.7%, to 11,630.51, but still clinched a weekly gain of 4.4%. The Nasdaq managed to outperform the Dow by 4.6%, its widest weekly outperformance since the week ended March 20, 2020, according to Dow Jones Market Data.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

The Dow’s 4 financial stocks are cutting about 170 points off the Dow’s priceFinancial stocks continued to drag stock stock market down Friday, as the Dow Jones Industrial Average’s four financial components contributed about 40% of...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow lower as bank shares drag down indexesMarketWatch Live: Continuing bank worries push U.S. stocks lower at opening bell It seems like the banks have their own agenda.
Source: MarketWatch - 🏆 3. / 97 Read more »