Volatile week, modest results for Wall Street’s main indexes
SPY•The Dow fell about 1% and the S&P 500 dipped 0.5% on Friday, while the Nasdaq slipped 0.2%. For the week, the Dow gained about 0.4%, the S&P 500 fell 0.5%, the Nasdaq lost 0.7% and the Russell 2000 rose 2%.
1. Friday’s market moves
The Dow and S&P 500 finished lower Friday, while technology shares recovered from Thursday’s selloff and the Nasdaq ended little changed. The Dow fell more than 1%, the S&P 500 dipped 0.5% and the Nasdaq declined 0.2%.
2. Sector and weekly results
Most S&P 500 sectors closed lower. Consumer staples fell nearly 2%, while energy rose around 2.5% to a record closing high; technology ended with a modest gain. For the week, the Dow gained about 0.4%, while the S&P 500 and Nasdaq fell 0.5% and 0.7%. The Russell 2000 advanced 2%, ending a six-week losing streak.
