Wall Street closed out its worst week in a month with more losses.
The S&P 500 fell 1.3 percent Friday. The Dow lost 286 points, and the Nasdaq composite dropped 1.5 percent. The stock market has been under pressure from the bond market, where the yield on the 10-year Treasury briefly touched 5 percent Thursday evening for the first time since 2007.
High yields make borrowing more expensive for everyone, and they slow the economy while dragging on investment prices. The 10-year yield eased Friday, but only after hanging near 4.99 percent in the morning. Crude oil prices fluctuated, and gold’s price rose.
On Friday:
The S&P 500 fell 53.84 points, or 1.3 percent, to 4,224.16.
The Dow Jones Industrial Average fell 286.89 points, or 0.9 percent, to 33,127.28.
The Nasdaq composite fell 202.37 points, or 1.5 percent, to 12,983.81.
The Russell 2000 index of smaller companies fell 21.91 points, or 1.3 percent to 1,680.79.
For the week:
The S&P 500 is down 103.62 points, or 2.4 percent.
The Dow is down 543.01 points, or 1.6 percent.
The Nasdaq is down 423.43 points, or 3.2 percent.
The Russell 2000 is down 38.92 points, or 2.3 percent.
For the year:
The S&P 500 is up 384.66 points, or 10 percent.
The Dow is down 19.97 points, or 0.1 percent.
The Nasdaq is up 2,517.32 points, or 24.1 percent.
The Russell 2000 is down 80.45 points, or 4.6 percent.
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