US stocks closed at highs on Friday, but the Dow continued to fall for the seventh straight week as investors feared the ability of investors to curb high inflation without plunging the economy.Dow Jones Industrial Average
It rose about 465 points, or 1.5%, on Friday, ending near 32,196. S & P500 Index
Nasdaq Composite Index rose 2.4% after approaching bear market territory on Thursday
I jumped 3.8%. The bounce towards the weekend wasn’t enough to eliminate the previous sharp loss. According to Dow Jones market data, Dow finished a 2.1% lower week for the seventh straight week, recording the sharpest 7-week percentage point plunge since April 24, 2020. The S & P 500 fell 2.4% in a week and the Nasdaq fell 2.8% from Monday.
Friday’s stocks end high, but the Dow has recorded the worst seven-week decline in two years.
Source link Friday’s stocks end high, but the Dow has recorded the worst seven-week decline in two years.