Major US stock indexes experienced a notable decline, ranging from 1% to 2%, erasing much of the previous week’s gains. This shift marked a reversal from the prior week, with the NASDAQ performing less favorably than the S&P 500 and the Dow. This underperformance was partly attributed to significant midweek drops in some of the market’s prominent technology stocks.
Furthermore, a U.S. small-cap stock benchmark saw a substantial 3.6% decline for the week, extending its recent trend of lagging behind larger assets. Over the period since the end of July, the Russell 2000 Index has recorded a 7.6% decrease, in contrast to the 2.9% decline observed in a large-cap benchmark, the S&P 500.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent drop of 53 points, reaching a closing value of 13,708 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 7 points to settle at 4,450 points. Meanwhile, DJIA Index experienced a notable shed, adding by 42 points during the week and concluding at 34,618 points after a week of gains.
In contrast, Russell 3000 Index saw a loss in week performance, with a loss of 4 points to reach 2,553 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 104 points, ending the week at a steady 1,847 points.
