hit counter html code

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

Rob Reiner revealed his honest thoughts on Donald Trump before passing away

Rob Reiner and Michele Reiner Found Dead: Remembering a Life of Art and Activism Rob Reiner and his wife, Michele Reiner, were found dead at their Los…

Jimmy Carter Dessert: A Flavor of Southern Tradition

Jimmy Carter Dessert: A Southern Delight Southern cuisine brims with rich flavors and captivating stories. Among its treasures stands the Jimmy Carter Dessert, a sweet creation honoring the…

From Hollywood Fame to Enduring Legacy: Tracing Her Journey Through the Years

For decades, she has remained a figure of fascination in Hollywood, instantly recognizable for her striking red hair, expressive eyes, and magnetic presence. Amy Adams was born August…

Jimmy Kimmel fires back with 2 scathing words to Trump after ‘disgusting’ remarks about Rob Reiner

Jimmy Kimmel and Donald Trump are clashing once again. Tensions have escalated following the death of Rob Reiner and the remarks the president made about the tragedy….

I installed a hidden camera because my husband hadn’t “con.su.mma.ted” our marriage after three months. The terrifying truth that was revealed paralyzed me…

I installed a camera because my husband wouldn’t “consummate” our marriage after three months. The terrifying truth that was revealed paralyzed me… My name is Marcela, and…

Photo of a Stray Dog Draws Attention to a Larger Animal Welfare Crisis in Houston

Across the globe, the issue of homeless dogs has reached an enormous scale. Animal welfare organizations estimate that roughly 200 million dogs worldwide are living without permanent…

Leave a Reply

Your email address will not be published.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