: U.S. stocks finish lower but cling to weekly gains as Nasdaq beats Dow by widest margin since 2020


U.S. stocks finished lower on Friday as worries about banking-sector stability reemerged. But Friday’s pullback wasn’t large enough to stop both the S&P 500 and Nasdaq Composite from finishing the week in the green, while the Dow was the only major U.S. equity benchmark to finish lower. The S&P 500 SPX, -1.10% shed 43.69 points, or 1.1%, to finish Friday at 3,916.59 according to preliminary closing data, reducing its weekly gain to 1.4%. The Dow Jones Industrial Average DJIA, -1.19% fell by 384.43 points, or 1.2%, to 31,862.12, for a weekly drop of 0.2%. The Nasdaq Composite COMP, -0.74% declined by 86.76 points, or 0.7%, to 11,630.51, but still clinched a weekly gain of 4.4%. The Nasdaq managed to outperform the Dow by 4.6%, its widest weekly outperformance since the week ended March 20, 2020, according to Dow Jones Market Data.

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

Previous article: UBS in discussions to buy Credit Suisse: report
Next articleU.S. leading economic indicators signal trouble on horizon


Please enter your comment!
Please enter your name here