Stocks slid on Friday to cap a week of trading that saw fortunes between the major indexes diverge with the tech-heavy Nasdaq Composite (^IXIC) logging a modest gain of around 0.4% while the benchmark S&P 500 (^GSPC) fell 0.3% and the Dow Jones Industrial Average (^DJI) lost over 1.1% for the week.
On Friday, all three majors finished in red figures, with the S&P 500 dropping 0.16%, the Dow falling 0.03%, and the Nasdaq losing 0.35%.
Stocks had opened Friday's session higher but forfeited those gains in late morning trade after consumer sentiment data from the University of Michigan on Friday showed a notable increase in consumer inflation expectations.
In the week ahead, investors will continue to closely track updates on the ongoing debt ceiling negotiations, with a key meeting between President Joe Biden and House Speaker Kevin McCarthy that had been set for Friday postponed until next week.
"stock" - Google News
May 13, 2023 at 03:12AM
https://ift.tt/GFjO1Aq
Stocks slide into the weekend after sentiment, inflation data: Stock market news today - Yahoo Finance
"stock" - Google News
https://ift.tt/g8mEnL2
https://ift.tt/tOzgqTY
Bagikan Berita Ini
0 Response to "Stocks slide into the weekend after sentiment, inflation data: Stock market news today - Yahoo Finance"
Post a Comment