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

If he was alive, he would have been 91 years old: How would Elvis look today? Ai picture shows

If alive, Elvis Presley would have been 91-years-old. And to mark the occasion, AI has predicted how The King of Rock and Roll might have looked Artificial…

Backlash erupts as Trump performs an impression of trans athletes that viewers say is hard to believe

Trump Admits Melania “Hates” His Dancing Donald Trump made an unexpected confession this week.He admitted that First Lady Melania Trump “hates” his dancing. However, that wasn’t the…

This scene is unedited. Here is a throwback 90s clip of Kelly Kapowski from ‘Saved by the Bell’

Tiffani Thiessen brought life to Kelly Kapowski, the all-American girl next door and Bayside High’s ultimate sweetheart. Kelly was a cheerleader, a good student, and a kind-hearted…

We’re Letting You Go,” My Boss Texted While I Was In Germany On A Company Trip.

They Fired Me via Text in Germany; Cancelled My Company Card | Office Revenge We’re cutting you loose. Your company card is canceled. Figure out how to…

The stillborn baby was placed in his older brother’s arms, seconds later, a cry echoes loudly!

The room was cloaked in silence. A baby had entered the world, yet no cry followed. Olivia Parker had carried her second child with love and hope,…

Why Barn Stars Are More Than Just Decoration

The Story Behind Barn Stars: More Than Just Decoration Have you ever driven past an old barn or farmhouse and noticed a big, five-pointed star hanging above…

Leave a Reply

Your email address will not be published.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