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US stocks closed mixed on Friday, with the Dow Jones completing its worst week since March.
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The S&P 500 and Nasdaq Composite posted declines for the third week in a row.
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Meanwhile in Hong Kong, the Hang Seng Index closed in bear territory amid China concerns.
US stocks traded mixed at the close of Friday’s session, with each of the major indices capping off losing weeks amid a surge in bond yields.
The Dow Jones lost more than 2% this week, completing its worst week since March, while the S&P 500 and Nasdaq Composite saw their third straight week of losses.
The weekly declines came as the 10-year US Treasury yield on Thursday hit its highest level since 2007 amid signs that the Federal Reserve remains concerned about inflation and is open to further interest rate hikes.
Meanwhile in Hong Kong, the Hang Seng Index I entered the bear market area The merchants were also responding to it Concerns about China’s economy and the real estate sector.
Chinese government data in recent weeks has revealed deflation, declining trade, and a precarious housing sector. On Thursday, China Evergrande, The most indebted developer in the worldfiled for Chapter 15 bankruptcy protection.
This is where US indices stood as the market closed at 4:00 PM on Friday:
Here’s what else happens:
In commodities, bonds and cryptocurrencies:
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US stocks closed mixed on Friday, with the Dow Jones completing its worst week since March. The S&P 500 and Nasdaq Composite also posted declines for the third week in a row, reflecting the overall cautious sentiment in the market.
The Dow Jones lost more than 2% for the week, marking its worst performance since March. The S&P 500 and Nasdaq Composite saw their third consecutive week of losses as well. The surge in bond yields, with the 10-year US Treasury yield hitting its highest level since 2007, contributed to the downward trend in the stock market.
In Hong Kong, the Hang Seng Index closed in bear territory as concerns about China’s economy and real estate sector weighed on investor sentiment. Recent Chinese government data has shown signs of deflation, declining trade, and challenges in the housing sector. The filing for Chapter 15 bankruptcy protection by China Evergrande, the world’s most indebted developer, added to the worries surrounding the Chinese economy.
Despite the mixed performance in US stocks, the market closed with the following standings at 4:00 PM on Friday. Investors are closely monitoring developments in commodities, bonds, and cryptocurrencies for any potential impact on the market.
While the stock market experienced a challenging week, it is important for investors to stay informed and adapt to the changing market conditions. Keeping a close eye on economic indicators, geopolitical events, and corporate earnings reports can help navigate through uncertain times in the market.
Overall, the mixed performance of US stocks and concerns about the global economy highlight the importance of diversification and risk management in investment strategies. By staying informed and making informed decisions, investors can better position themselves to weather market volatility and achieve their financial goals.
