Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
article
- Get link
- X
- Other Apps
Nasdaq Slips While Dow and S&P 500 Hold Steady Amid Weekly Gains
The Nasdaq Composite retreated on Friday, ending a recent rally, while the Dow Jones Industrial Average and the S&P 500 managed to hold steady, positioning for modest weekly gains. Investors appeared cautious as they weighed economic data and Federal Reserve commentary on interest rate policies.
The Nasdaq dropped 0.6%, driven by a pullback in technology and growth stocks. Meanwhile, the Dow eked out a slight gain of 0.1%, buoyed by strong performances from industrial and financial sectors. The S&P 500 remained flat, balancing gains in consumer staples and utilities against losses in tech.
Market sentiment was mixed following the release of Federal Reserve meeting minutes earlier in the week, which hinted at a potential pause in rate hikes but left the door open for future increases depending on economic conditions.
Earnings reports and consumer spending data also contributed to the market’s dynamics, with investors keeping a close eye on holiday retail trends as the season approaches.
As the trading week closes, all three major indices remain on track for modest weekly gains, reflecting resilience despite ongoing uncertainties in the economic outlook.
Popular Posts
Stock Market Today: Apple Earnings Boost Spirits Amid Soft Jobs Report
- Get link
- X
- Other Apps
Stock Market Today: Nasdaq Surges and GameStop Skyrockets
- Get link
- X
- Other Apps
Comments
Post a Comment