Stocks ended another choppy day of trading mixed, leaving the market with its second losing week in a row. Investors pored over reports on inflation and consumer sentiment seeking clues about the Federal Reserve’s next move on interest rates.
The government reported a slight increase in inflation in wholesale prices last month, which could persuade the Fed that its work on bringing inflation to heel isn’t done.
The University of Michigan’s preliminary August survey showed consumer sentiment fell slightly.
On Friday:
The S&P 500 fell 4.78 points, or 0.1%, to 4,464.05
The Dow Jones Industrial Average rose 105.25 points, or 0.3%, to 35,281.40.
The Nasdaq composite fell 93.14 points, or 0.7%, to 13,644.85.
The Russell 2000 index of smaller companies rose 2.49 points, or 0.1%, to 1,925.11.
For the week:
The S&P 500 is down 13.98 points, or 0.3%.
The Dow is up 215.78 points, or 0.6%.
The Nasdaq is down 264.39 points, or 1.9%.
The Russell 2000 is down 32.35 points, or 1.7%.
For the year:
The S&P 500 is up 624.55 points, or 16.3%.
The Dow is up 2,134.15 points, or 6.4%.
The Nasdaq is up 3,178.37 points, or 30.4%.
The Russell 2000 is up 163.87 points, or 9.3%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
