Driven by inflation statistics and credit rating downgrades affecting multiple U.S. banks, the indices experienced fluctuations. The week began with market advances, yet by the close of Friday, both the S&P 500 and NASDAQ had recorded their second consecutive weekly declines. Although the Dow saw a significant drop on Tuesday, it managed to recover and conclude the week with a modest drop compared to the previous week’s close.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent loss of 354 points, reaching a closing value of 13,290 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 95 points to settle at 4,369 points. Meanwhile, DJIA Index experienced a notable loss, dropping by 781 points during the week and concluding at 34,500 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a loss of 58 points to reach 2,508 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 66 points, ending the week at a steady 1,859 points.
