US stocks wavered at the opening bell Friday, as Wall Street looked to end a volatile week on a high note. The S&P 500 sank 0.1%, while the Nasdaq Composite slumped 0.2%. The Dow Jones Industrial Average edged lower by 0.2%. Markets are nearing the end of the most volatile week of the 2024 campaign. Monday saw the worst rout of the year, and Wall Street's "fear gauge" — the CBOE Volatility Index — soared to its highest levels since the throes of the pandemic.
The S&P 500 and Nasdaq both rallied over 2%, with the S&P posting its best day since late 2022 — a remarkable feat, considering the breadth of 2024's rally overall. In the end, with a modest rally on Friday, the major indices could end the week near where they started it. After Thursday's session, the benchmark S&P 500 was down about 0.5% from last Friday's close.
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