How major US stock indexes fared Friday, 8/9/2024
Stocks are closing a wild, whipsaw week for Wall Street with modest gains
By The Associated Press
Published - Aug 09, 2024, 04:18 PM ET
Last Updated - Aug 09, 2024, 04:18 PM EDT
Stocks are closing a wild, whipsaw week for Wall Street with modest gains.
The S&P 500 rose 0.5% Friday, coming off its best day since 2022, trimming its loss for the week down to less than 0.1%. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite added 0.5%. Both are also finishing the week with only modest losses after sharp, earlier drops on worries about the U.S. economy and other factors.
Expedia Group helped lead the way after a stronger-than-expected profit report. Treasury yields eased in the bond market ahead of big reports coming up next week on the economy.
On Friday: