Wall Street’s worst week in six months closed on another weak note.
The S&P 500 gave up an early gain and ended 0.2% lower Friday. The Dow Jones Industrial Average lost 106 points, and the Nasdaq composite slipped 0.1%. Stocks slid this week because of the growing understanding that interest rates likely won’t come down much anytime soon.
Treasury yields eased a bit after jumping earlier in the week to their highest levels in more than a decade. That gave stocks a bit of a breather, particularly high-growth and technology companies.
On Friday:
The S&P 500 fell 9.94 points, or 0.2%, to 4,320.06.
The Dow Jones Industrial Average fell 106.58 points, or 0.3%, to 33,963.84.
The Nasdaq composite fell 12.18 points, or 0.1 %, to 13,211.81.
The Russell 2000 index of smaller companies fell 5.32 points, or 0.3% to 1,776.50.
For the week:
The S&P 500 is down 130.26 points, or 2.9%.
The Dow is down 654.40 points, or 1.9%.
The Nasdaq is down 496.53 points, or 3.6%
The Russell 2000 is down 70.53 points, or 3.8%.
For the year:
The S&P 500 is up 480.56 points, or 12.5%.
The Dow is up 816.59 points, or 2.5%.
The Nasdaq is up 2,745.32 points, or 26.2%
The Russell 2000 is up 15.26 points, or 0.9%.
Sourse: abcnews.go.com
