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

34-Year-Old Woman with Terminal Cancer Reveals 5 Warning Signs She Wishes She Hadn’t Ignored

Doctors Dismissed Linda’s Symptoms for Years—Then Came a Devastating Diagnosis For years, doctors told Linda Chavez not to worry about her symptoms. But eventually, she received a…

Stunning Salary Associated With Elon Musk’s Official Position In The U.S. Government

People are curious about Elon Musk’s actual compensation for his government position as he embraces his new job as Head of DOGE and Trump’s administration. In addition…

12-year-old who beat cancer loses life in American Airlines accident.

Andy Beyer sat in the parking lot outside Reagan National Airport, eagerly texting his wife, Justyna, who was on American Airlines Flight 5342 with their 12-year-old daughter,…

Beyoncé’s Daughter, Blue Ivy Carter, Attends the Grammys Alongside Her Parents, Sparking Discussion – Photos

The 13-year-old, who sat at the same table as her famous parents, looked stunning during the award ceremony. Beyoncé and Jay-Z’s daughter, Blue Ivy Carter, made a…

The Super Bowl will see President Donald Trump in attendance.

Super Bowl LIX: A Historic Event This Sunday’s Super Bowl in New Orleans is set to be a historic event for both football fans and history enthusiasts…

Trump Signs C0ntr0versial Order Addressing Political Prosecutions

In a striking and polarizing move, former President Donald Trump signed several executive orders on Thursday, including one granting clemency to pro-life activists imprisoned during President Biden’s…

Leave a Reply

Your email address will not be published.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