Dow ends up over 400 points Friday, but stocks suffer weekly losses


U.S. stocks finished higher on Friday, snapping a four-day losing streak in a hectic session that saw the three major indexes swing in and out of positive territory multiple times. Volatility was high across asset classes as investors contended with shifting expectations surrounding where the Fed funds rate is expected to peak next year, along with Friday’s October jobs report data and the expiration of daily and weekly options tied to individual stocks, stock indexes and exchange-traded funds, which helped to exacerbate volatility, market strategists said. The S&P 500 SPX, +1.36% finished 50.66 points, or 1.4%, higher at 3,770.55, but still logged a weekly loss of 3.4% its worst weekly performance in about a month, according to Dow Jones Market Data. The Nasdaq Composite COMP, +1.28% closed 132.31 points, or 1.3%, higher at 10,475.25, but logged a weekly loss of 5.7% for its worst such pullback since the week ended Jan. 21. The Dow Jones Industrial Average DJIA, +1.26% gained 401.97 points, or 1.3%, to finish at 32,403.22 on Friday, but still saw a weekly decline of 1.4%.

This article was originally published by Read the original article here.

Previous article: U.S. stocks snap 4-day losing streak but Nasdaq still logs worst week since January
Next articleFinancial Face-Off: Walmart vs. Kroger: How their prices compare on milk, bread, eggs and other grocery essentials


Please enter your comment!
Please enter your name here