U.S. indices rebounded off session lows Friday to finish mixed. Markets at large traded lower this week amid a continued sell off in stocks following recent earnings from retail companies. Concerns over recent inflation data and further Federal Reserve policy tightening also continue to weigh on stocks.
The Nasdaq composite, S&P 500 and Dow Jones are now lower by 28.28%, 18.66% and 14.52%, respectively, on a year-to-date basis amid the ongoing market selloff.
- The Nasdaq composite finished lower by 0.3% to 11,354; The Invesco QQQ Trust Series 1 QQQ lost 0.31% to $288.68.
- The S&P 500 traded higher by 0.02% to 3,901; The SPDR S&P 500 ETF Trust SPY finished flat at $389.44.
- The Dow Jones composite finished higher by 0.14% to 10,651; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 0.05% at $312.58.
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
VF Corp VFC, American Tower Corp AMT and Eli Lilly And Co LLY were among the top gainers.
Ross Stores, Inc. ROST, Deere & Company DE and Tesla Inc TSLA were among the top losers.
Elsewhere On The Street
After dipping into bear market territory, the S&P 500 experienced a bit of a midday bounce on Friday following some uncharacteristically dovish comments from St. Louis Federal Reserve Bank President James Bullard… Read More
The SPY has closed each of the last seven weeks lower than the previous week, creating seven red weekly candlesticks in a row — an event that rarely occurs… Read More
Should people be concerned that a new health crisis is suddenly percolating? The answer, it seems, is both yes and no. Monkeypox is related to smallpox, but it is far less serious... Read More
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.