© Reuters
Investing.com – Wall Street’s major indexes fell during these trading moments on Friday, as stocks fell for the fourth day in a row and headed for another losing week.
It fell 71 points, or 0.2 percent. The S&P 500 fell 0.5%, down 1%.
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Major stock movements
Shares of Caseyte Technologies (NYSE:) lost more than 10% on . Dear & Co (NYSE:) and The Estée Lauder Company (NYSE:) also fell more than 3% after announcing their earnings. Meta shares (NASDAQ:) continued their decline during the week, dropping more than 2% during these moments of the day’s trading.
Lucid Motors (NASDAQ:) is now down 1.69%, while Tesla (NASDAQ:) is down 1.7%. Alibaba Group Holding Ltd (NYSE:) declined by 4.14%.
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The Dow Jones is on track for its worst week since March, down about 2.6%. Meanwhile, the S&P 500 is heading for its third straight week of losses, a streak not seen since February. The Nasdaq Composite is also set to lose for the third consecutive week for the first time since December.
And on Thursday, the Dow closed below its 50-day moving average for the first time since June 1 – a bearish sign for investors. Where the index fell by about 290.91 points, or 0.84%. Meanwhile, the S&P 500 was down 0.77%, and the Composite was down 1.17%.
On the other hand, the 10-year yield rose on Thursday to its highest level since October 2022 after minutes from the Federal Reserve’s July meeting indicated there could be more rate hikes as inflation concerns persist. However, yields are beginning to retreat from Friday’s highs, with the yield on the 10-year Treasury note trading down about 6 basis points, at 4.247%.
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markets now
It rose by 0.34% to $1921 an ounce.
While it rose by 0.17% to 1892 dollars an ounce.
On the other hand, it decreased by 0.12% to 103.337 points.
It settles at $84.17 a barrel, without significant upward or downward movements.
Texas crude rose by 0.32% to $80.64 a barrel.
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2023-08-18 14:29:00
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