How major US stock indexes fared Friday, 8/18/2023
Wall Street limped to the finish line of its third losing week in a row
Wall Street limped to the finish line of its third losing week in a row.
The S&P 500 barely budged Friday, ending the day down by less than 0.1%. It lost more than 2% for the week, like other U.S. indexes.
The Dow edged up 25 points, and the Nasdaq composite slipped 0.2%.
August has been rough for the stock market, which has given back more than a quarter of the S&P 500’s torrid gains for the year’s first seven months. That’s in part because a swift rise in yields has forced investors to reconsider whether stocks got too expensive.
On Friday:
The S&P 500 fell 0.65 points, less than 0.1%, to 4,369.71.
The Dow Jones Industrial Average rose 25.83 points, or 0.1%, to 34,500.66.
The Nasdaq composite fell 25.16 points, or 0.2%, to 13,290.78.
The Russell 2000 index of smaller companies rose 9.36 points, or 0.5%, to 1,859.42.
For the week:
The S&P 500 is down 94.34 points, or 2.1%.
The Dow is down 780.74 points, or 2.2%.
The Nasdaq is down 354.07 points, or 2.6%.
The Russell 2000 is down 65.69 points, or 3.4%.
For the year:
The S&P 500 is up 530.21 points, or 13.8%.
The Dow is up 1,353.41 points, or 4.1%.
The Nasdaq is up 2,824.29 points, or 27%.
The Russell 2000 is up 98.18 points, or 5.6%.
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