© Reuters. Traders work on the New York Stock Exchange on July 12, 2023. Photograph: Brendan McDermid – Reuters.
NEW YORK (Reuters) – Wall Street swung on Friday, closing slightly lower after a tumultuous week in which yields hit a 16-year high as investors weighed revisions to the Federal Reserve’s monetary tightening expectations.
The three main indices fluctuated for most of the session and recorded weekly losses.
According to preliminary data, the industrial index lost 106.91 points, or 0.31 percent, to 33,963.51 points. The Standard & Poor’s 500 index fell 10.75 points, or 0.25 percent, to 4,319.25 points. The Nasdaq Composite Index fell 12.18 points, or 0.09 percent, to 13,211.81 points.
(Prepared by Muhammad Aysem for the Arabic Bulletin – Edited by Rehab Alaa)
2023-09-22 20:53:00
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