The major U.S. stock indexes each fell more than 1%, breaking strings of eight consecutive weekly gains for the NASDAQ, five for the S&P 500, and three for the Dow. Concerns about further interest-rate hikes and a slowing global economy weighed on stocks.
Investors witnessed a blend of gains and losses across these key benchmarks, reflecting the ever-changing dynamics of the market.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent drop of 197 points, reaching a closing value of 13,492 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 61 points to settle at 4,409 points. Meanwhile, DJIA Index experienced a notable depth, losing by 572 points during the week and concluding at 33,727 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a dropped of 41 points to reach 2,490 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 54 points, ending the week at a steady 1,821 points.
