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

Donald Trump Regains Balance While Boarding Air Force One

Public life today moves at a speed that would have seemed unimaginable a generation ago. With smartphones, HD cameras, and social media everywhere, almost any public moment…

A Mute Girl Ran Into A Biker’s Embrace At Walmart—What She Signed Next Shocked Everyone Around Her

It was an ordinary Saturday morning at Walmart — shopping carts clattering, kids whining, and the faint buzz of fluorescent lights overhead. I was in the detergent…

Melanie Watson, known as Kathy from ‘Diff’rent Strokes,’ dies at 57

Actress Melanie Watson, known for her role as Kathy Gordon on the beloved television series Diff’rent Strokes, has died at age 57, her brother, Robert Watson, has confirmed….

A Service Dog Attacked A Little Girl At The Airport—But What He Found Inside Her Teddy Bear Saved Her Life

The automatic sliding doors of Terminal 4 at Chicago O’Hare International Airport parted with a pneumatic hiss, admitting a gust of October wind that smelled of diesel…

Why the 1972 Oscars remains one of the the best ever

Looking back, the 1972 Oscars feels like a time capsule of a changing Hollywood. The 1972 Oscars was more than just an awards ceremony; it was a…

Holly Madison shares ‘disturbing’ details about life with Hugh Hefner

The Playboy Mansion has always been a source of curiosity for a lot of people. There have been countless films and television shows which aim to recreate…

Leave a Reply

Your email address will not be published.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