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

Oscar-Winning Actor from ‘An Officer and a Gentleman’ Passes Away at 87

Oscar-winning actor Louis Gossett Jr., famous for *An Officer and a Gentleman* and *Roots*, has passed away at 87. He made history as the first Black man to win the…

Read more

Fast Food Giant Closing Hundreds of Stores While Renovating Rest

This popular fast-food restaurant isn’t totally shutting down every location, despite rumors that it was shuttering for good. Instead, it’s closing thousands while undergoing a major overhaul and modernization with…

Read more

Elon Musk is a father of 11 children. Now he has an interesting new plan for all of them.

He is said to have eleven children with the famous billionaire and former richest man in the world. He is said to have recently made a big request to the…

Read more

Celeb Has Officially Renounced His U.S. Citizenship

Just hours after the U.S. Supreme Court announced its decision to overturn Roe v. Wade, Green Day frontman Billie Joe Armstrong took a defiant stand during a concert in London,…

Read more

Look Closer What She Forgot That Made The Most Remembered Night Episode

“The Tonight Show Starring Jimmy Fallon,” pop icon Madonna made a memorable appearance that left audiences and the host alike stunned by her spontaneous gesture. The episode, which aired on…

Read more

This actor went from $150 a month to running a farm with his famous wife

Can you guess the iconic actor who went from living in a rundown New York “flophouse” for just $150 a month to owning a peaceful farm with his family? This…

Read more

Leave a Reply

Your email address will not be published.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