Wall Street week ahead: Investors’ key focus on inflation trend, other economic reports
Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! On Friday, the US stock market indices fell on rate hike fears. The S&P 500 slipped 9.94 points, or 0.2%, at 4,320.06. The Dow Jones Industrial Average fell 106.58 points, or 0.3%, at 33,963.84.
The Nasdaq composite dipped 12.18, or 0.1%, at 13,211.81. Bond yields eased on Friday. The yield on the 10-year treasury dropped at 4.44% from 4.50% late Thursday.
The yield on 2-year treasury dipped at 5.10% from 5.15%. The US dollar on Friday rose at 148.39 Japanese yen from 147.54. It fell at $1.0647 from $1.0661 against the euro.
The US crude oil benchmark for November delivery rose 40 cents at $90.03 a barrel on Friday. Brent crude for November delivery lost 3 cents at $93.27 a barrel. Gold for December delivery added $6 at $1,945.60 an ounce.
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