S&P 500 Falls, Heads for Worst Week in Nearly 2 Months
@Tiger_Newspress:
U.S. stocks were lower Friday morning after a batch of disappointing quarterly reports, as Wall Street heads for a weekly loss.The broad index shed 0.2%, while the Nasdaq Composite slipped 0.5%.The Dow Jones Industrial Average also added 2 points, trading near flat.All major averages are on track to end the week with losses. Down 1.3% this week, the S&P 500 is poised to snap its two-week winning streak and post its worst weekly performance since December. TheDowandNasdaq Composite are on pace to lose 0.7% and 1.8%, respectively.“This week has been more of a recovery — a more normalization, in our eyes — that it’s not baked in, necessarily, that a soft landing is in the cards,” said Stephanie Lang, chief investment officer at Homrich Berg.Ride-hailing platform Lyft&n