Stocks Wane toward Weekly Losses - InvestingChannel

Stocks Wane toward Weekly Losses

Stocks closed Friday’s session with weekly losses, as Wall Street’s August struggles continue.

The Dow Jones Industrials fought their way up 25.83 points to wind up the session and the week at 34,500.66.

The S&P 500 index dropped 0.65 points to 4,369.71.

The NASDAQ index sank 26.16 to 13,290.78.

Keysight Technologies shares lost 14.4% on the back of a disappointing earnings report. Deere and Estee Lauder also fell about 5.2% and 3.1%, respectively, after announcing their earnings. Shares of major tech companies, including Meta, Amazon, Microsoft and Alphabet continued their decline for the week.

The Dow suffered its worst week since March, lower by 2.6%. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn’t happened since February. The NASDAQ also sustained a third consecutive losing week for the first time since December.

Prices for the 10-year Treasury gained, lowering yields to 4.25% from Thursday’s 4.28%. Treasury prices and yields move in opposite directions.

Oil prices moved forward 90 cents to $81.29 U.S. a barrel.

Gold prices gathered $3.30 to $1,918.50 U.S. an ounce.

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