Stocks slip as dollar heads for weekly loss
SPY•Global stocks fell modestly as markets steadied after a tech-led selloff, while the dollar headed for its first weekly decline in five weeks. The S&P 500 fell 1.3% and the Nasdaq dropped 2.3%; Brent crude settled up 3.72% at $109.86 a barrel.
1. Stocks remain under pressure
US stocks fell Friday as investors weighed concerns about interest rates and debt-financed spending on AI infrastructure. The S&P 500 lost 1.3% and the Nasdaq fell 2.3%; the Dow dropped 0.57%. Technology and communication services led sector losses, while utilities and energy gained.
2. Dollar and bonds steady
The dollar index fell 0.21% and was on track for its first weekly loss in five weeks as lower Treasury yields reduced its appeal. Bond markets steadied after investors sought safety earlier in the week, while G7 government bond markets were headed for their strongest weekly performance since late May. Brent crude settled 3.72% higher at $109.86 a barrel amid concerns about Middle East supplies.
