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

Demi Rose’s Most Stunning Photos Yet – You Won’t Believe Number 5!

Demi Rose is known for her bold social media presence, and her latest post is no exception. The 28-year-old influencer stunned her followers by posing in a field wearing a…

Read more

Kim Kardashian Says People ‘Didn’t Know’ Who Marilyn Monroe Was Before She Wore Her Dress

Kim Kardashian says people ‘didn’t know’ who Marilyn Monroe was before she wore her iconic dress. The Kardashians star rocked Monroe’s ‘Happy Birthday Mr President’ dress at the 2022 Met Gala and…

Read more

Lottery Winner Burned Through $50 Million Of Prize Money By Spending $131k A Week

One lottery winner burned through a staggering $50 million of his $200 million jackpot by spending $131k a week. We all dream of one day winning the lottery.   Thinking…

Read more

Jason Momoa Fans Creeped Out After Finding Out Who He’s Dating

Jason Momoa fans have been left creeped out after discovering who he’s dating.  The Game of Thrones star, 44, has moved on from his divorce to Lisa Bonet, 56, and has now…

Read more

Can You Spot the Hidden Animals?

Welcome to a fascinating landscape where animals are engaged in an exciting game of hide and seek. The artist has skillfully concealed them in the most unexpected places. Some creatures…

Read more

An old man applies for a job as a woodcutter

An old man applies for a job as a woodcutter, but the boss doesn’t think he’s fit enough. He tells the boss he is able to cut down any tree…

Read more

Leave a Reply

Your email address will not be published.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