U.S. stocks close mixed after Fed loan survey

📆 5/8/2023 5:12 PM
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U.S. stocks closed mixed Monday, showing little improvement after the Federal Reserve’s opinion survey on bank lending practices showed a tightening in credit conditions in the first quarter. The Dow Jones Industrial Average ended 0.2% lower:

U.S. stocks closed mixed Monday, showing little improvement after the Federal Reserve’s senior loan officer opinion survey on bank lending practices showed a tightening in credit conditions in the first quarter. The Dow Jones Industrial Average DJIA ended 0.2% lower, while the S&P 500 SPX edged up 0.

1% and the Nasdaq Composite COMP rose 0.2%, according to preliminary data from FactSet. The Fed’s survey, released Monday afternoon, said “banks cited a less favorable or more uncertain economic outlook, reduced tolerance for risk, deterioration in collateral values, and concerns about banks’ funding costs and liquidity positions.”...

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