Nasdaq snaps four-day losing streak, but U.S. stocks book worst week in three

U.S. stocks finished modestly higher on Friday, but Wall Street still suffered a losing week amid renewed concerns that the Federal Reserve may keep interest rates higher for longer. The S&P 500 SPX, +0.14% booked a 1.3% weekly loss, while the Dow Jones Industrial Average DJIA, +0.22% fell 0.8% and the Nasdaq Composite COMP, +0.09% dropped 1.

9% for the week. All three major indexes logged their worst weekly decline since August 18, according to Dow Jones Market Data. Meanwhile, investors looked ahead to inflation data, with readings on the consumer-price index and producer-price index next week expected to offer further clues on the central bank’s rate decision at its next policy meeting.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures are little changed as Wall Street shifts focus back to path of interest ratesRenewed investor worries sprang up Wednesday over the threat of future interest rate hikes, sparked by stronger-than-expected economic data and price reports.
Source: CNBC - 🏆 12. / 72 Read more »