U.S. stock indexes closed lower Friday, capping another punishing week for growth and technology stocks as investors await a Federal Reserve update next week on how aggressively interest rates may rise and financial conditions tighten to tame inflation. The Nasdaq Composite Index COMP, -2.72% led the three stock benchmarks lower Friday, ending down 2.7%, but off 7.6% for the week, which was its worst weekly decline since March 2020, according to Dow Jones Market Data.
The Nasdaq also entered correction territory mid-week, commonly measured as at least a 10% decline from its recent record close, and recorded its worst start to a year through Friday since the 2008 global financial crisis. Rising 10-year Treasury yields, up about 25 basis points near 1.74% this year, also have pressured speculative stocks and total returns of riskier assets. The S&P 500 index SPX, -1.89% tumbled 1.9% Friday and 5.
Biden proud
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq enters correction territory as stocks close lowerWall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high. Fuck Biden.
Source: CNN - 🏆 4. / 95 Read more »
Nasdaq Composite rises 1.1% after sinking into correction and the broader stock market attempts Thursday turnaroundU.S. stock indexes rose on Thursday, staging a modest rebound after an equities selloff tied to a surge in bond yields pushed the tech-heavy Nasdaq Composite...
Source: MarketWatch - 🏆 3. / 97 Read more »
NASDAQ 100 Forecast: Index Looks HorribleThe NASDAQ 100 Index has tried to rally during the trading session but gave back the gains rather quickly and looks horrible now. stockmarkets StockTrading equities Sounds like a total wall street game to me.
Source: Daily_Forex - 🏆 567. / 51 Read more »
Nasdaq 100 Futures Fall After Netflix's Earnings DisappointU.S. stock index futures were lower during overnight trading Thursday following Netflix’s disappointing earnings report.
Source: nbcchicago - 🏆 545. / 51 Read more »
What to Watch Today: Stocks Set to Open Higher After Nasdaq Entered Correction TerritoryU.S. stock futures bounced Thursday, one day after the Nasdaq finished in correction territory.
Source: nbcchicago - 🏆 545. / 51 Read more »
Wind Warnings Issued For Friday, Saturday As Santa Ana Winds ReturnSanta Ana winds returned to parts of the Southland Thursday ahead of even stronger gusts anticipated for Friday and Saturday.
Source: CBSLA - 🏆 552. / 51 Read more »