After opposing waves of fear and excitement pulled in opposite directions, U.S. markets largely sank.
On Friday, the S&P 500 fell by 0.5%. The Nasdaq composite dropped 1.2% while the Dow increased by 0.1%.
Concerns on the rising bloodshed in the most recent conflict in Gaza caused gasoline prices to soar and Treasury yields to plummet. According to a survey, American consumers’ morale has soured due to concerns about inflation. However, a number of the largest American banks claimed that their summertime earnings exceeded expectations. That gave hope for the just launched reporting season.
This Friday:
To reach 4,327.78, the S&P 500 dropped 21.83 points, or 0.5%.
To reach 33,670.29, the Dow Jones Industrial Average increased by 39.15 points, or 0.1%.
At 13,407.23, the Nasdaq composite dropped 166.98 points, or 1.2%.
The smaller-business Russell 2000 index dropped 14.54 points, or 0.8%, to 1,719.71.
The week ahead:
The S&P 500 is up 0.4%, or 19.28 points.
The Dow is up 0.8%, or 262.71 points.
The Nasdaq has dropped 0.2%, or 24.11 points,
The 1.5% decline, or 25.85 points, is in the Russell 2000.
Within the year:
The 12.7% gain on the S&P 500 is 488.28 points.
The Dow is up 1.6%, or 523.04 points.
The Nasdaq is up 28.1%, or 2,940.75 points.
The Russell 2000 is down 2.4%, or 41.53 points.