Stocks Fall Friday but Wall Street Heads for Winning Week

Tiger Newspress2023-09-15

Stock fell Friday, but Wall Street is heading for a winning week.

The Dow Jones Industrial Average was lower by 54 points, or 0.16%. S&P 500 declined by 0.34% and Nasdaq Composite were off 0.29%.

The newly debuted Arm Holdings traded 6% higher. Adobe fell more than 3% even after posting better-than-expected quarterly results. Lennar slid more than 4% despite a top-and-bottom line beat.

Auto stocks Ford Motor, General Motors and Stellantis N.V. were higher Friday. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.

Stocks are coming off a winning session as Wall Street applauded a possible end to an extended technology IPO drought and assessed a fresh batch of economic data. The Dow jumped 331.58 points, or 0.96%, rising for the first time in three sessions and notching its best daily performance in over a month. The S&P 500 added 0.84%, while the Nasdaq Composite climbed 0.81%.

Stocks are headed for a winning week, with the Dow on pace for a nearly 1% gain and its second positive week in three. The S&P and Nasdaq have jumped about 1.1% and 1.2%, respectively, putting them on track for their third positive weeks in four.

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Comments

Jasonsparrow
2023-09-16
Jasonsparrow
說說你對這篇新聞的看法...
YnWa
2023-09-16
YnWa
Said too early[LOL]
Andrewinho
2023-09-15
Andrewinho
Opportunity!! 👏👏👏

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