Stocks Creep Back to End a Rough Week on a Mixed Note: Stock Market News Today

US stocks recovered from sharp early losses in Friday’s session but ended the week sharply lower as the August swoon continued on Wall Street.

The Dow Jones Industrial Average (^DJI) finished just above the flat line, while the S&P 500 (^GSPC) fell slightly across from it. The Nasdaq Heavy Composite (^IXIC) fell 0.2% after three straight days of sharp losses.

Over the course of the week, the S&P 500 and Nasdaq both saw losses of about 2%.

Meanwhile, the 10-year Treasury yield (^TNX) fell slightly on Friday to around 4.25% but remained near recent highs.

The moves come as investors contemplate the possibility of interest rates staying higher for a longer period after minutes from this week’s Federal Reserve meeting showed that the central bank would not rule out further increases. The next clue to the Fed’s next move will come from Chairman Jay Powell, who is scheduled to deliver a speech next Friday at the annual Jackson Hole Economic Policy Symposium.

Also, investors looked at the ongoing economic woes in China, where embattled real estate developer Evergrande has filed for bankruptcy in a US court.

Related Posts

JENNIFER LOPEZ SHOWS OFF HER FIGURE IN STUNNING LEATHER DRESS IN LATEST NIGHT OUT

Jennifer Lopez, the ageless beauty and global superstar, once again turned heads as she stepped out for a night on the town in a jaw-dropping leather dress….

JENNIFER LOPEZ SHOWS OFF HER FIGURE IN STUNNING LEATHER DRESS IN LATEST NIGHT OUT

Jennifer Lopez, the ageless beauty and global superstar, once again turned heads as she stepped out for a night on the town in a jaw-dropping leather dress….

A Missing Little Girl Who Was Featured On “Unsolved Mysteries” Has Finally Been Found

Kayla Unbehaun, a girl missing since 2017 and featured on Netflix’s “Unsolved Mysteries,” has been located alive in North Carolina at the age of fifteen. Her mother,…

Melania Trump Reveals Sh0cking Claim About Obama Administration’s Secrets

Donald Trump Returns to the White House for a Dramatic Second Term, With Melania Revealing New Insights on the Transition All eyes are on Washington, D.C., today…

Prayers are needed for Steve Irwin’s daughter Bindi. She is on her way to recovery but…!!

Bindi Irwin, an Australian wildlife activist, recently spoke out about her health issues. In a post on Instagram on March 7th, the 24-year-old revealed that she had…

A Farewell to Comedy’s Legendary Maestro

In a surprising turn of events, comedy legend Steve Martin, known for his iconic roles in “Saturday Night Live,” “Pink Panther,” and “Father of the Bride,” has…

Leave a Reply

Your email address will not be published. Required fields are marked *