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HomeTrading RoomOn Friday, S&P 500 Snaps A Six-Day Winning Streak

On Friday, S&P 500 Snaps A Six-Day Winning Streak

Stocks fell on Friday as Wall Street wrapped up a busy week that saw investors receive a Federal Reserve pause on rate hikes as well as positive inflation data.

The Dow Jones Industrial Average dropped 108.94 points, or 0.32%, to settle at 34,299.12 and the S&P 500 dipped 0.37 percent to close at 4,409.59. The Nasdaq Composite decreased 0.68% to close at 13,689.57.

The following are the week’s significant market milestones:

The S&P 500 has improved 2.6% during the past week, marking its strongest week since March.
The S&P 500 is experiencing its first five-week winning streak since November 2021.
From its low during the bear market, the benchmark is already up more than 26%.
In general, the Nasdaq Composite is up 3.3% its finest week since March on the week.

Source (CNBC)

 

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