With further losses, Wall Street ended its worst month of the year.
The majority of the stocks that make up the S&P 500 fell Friday as the index lost 0.3% of its previous gain. The Nasdaq composite rose 0.1% as the Dow dropped by 0.5%.
The morning’s strong equity gains started to wane as bond market pressure increased. Treasury yields increased throughout the day to maintain the pressure on the stock market after initially declining on good signs on inflation. Along with the price of oil, shares in energy producers plunged precipitously.
To 4,288.05. The S&P 500 dropped 11.65 points, or 0.3%.
To reach 33,507.50, the Dow Jones Industrial Average dropped 158.84 points, or 0.5%.
To 13,219.32, the Nasdaq composite gained 18.05 points, or 0.1%.
Smaller business index Russell 2000 dropped 9.21 points, or 0.5%, to 1,785.10.
This week:
32.01 points, or 0.7%, are being lost by the S&P 500.
The Dow is down 1.3%, or 456.34 points.
7.52 points, or 0.1%, are added to the Nasdaq.
8.60 points, or 0.5%, are higher on the Russell 2000.
As for the year:
The increase in the S&P 500 is 448.55 points, or 11.7%.
The Dow has gained 360.25 points, or 1.1%, today.
The Nasdaq is up by 26.3%, or 2,752.84 points.
The 1.4% gain in the Russell 2000 is 23.86 points.