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

The night before my wedding, my parents tore my gown to pieces

THE NIGHT BEFORE THE WEDDING My name is Emily Carter, 29, a Lieutenant in the United States Navy. To my parents, especially my father, William Carter, I was…

The Newest Beauty Trend Is ‘Halo Brows’ And We Just Want To Run And Hide

If you stick around long enough and pay attention to the social media platforms, you will find that there are plenty of trends that come your way….

From a millionaire idol to a tragic downfall: The heartbreaking tale of Brian Connolly

Brian Connolly was far more than the striking blond frontman of a chart-topping glam-rock band — he was a defining voice of the 1970s and one of…

Seven days before Christmas, I heard my daughter say, “Just drop the kids off at Mom’s—We’re going away.” That morning, the 23rd, I loaded the car and headed for the coast

The Breaking Point A week before Christmas, I was making coffee when I heard my daughter, Amanda, on the phone. Her voice was casual, carefree, as if…

Long after our separation, my former wife returned with a request I never expected

Eighteen years earlier, on a rainy autumn night that smelled faintly of cold pavement and unfinished conversations, Mark’s life changed forever. He had been holding his newborn…

CNN journalist fires back after Trump calls her “stupid” and “mean.”

Donald Trump, the 45th president of the United States and a figure who continues to dominate American political discourse, has a long history of contentious relationships with…

Leave a Reply

Your email address will not be published.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