Wall Street’s worst week in six months closed on another weak note.
The S&P 500 gave up an early gain and ended 0.2 percent lower Friday. The Dow Jones Industrial Average lost 106 points, and the Nasdaq composite slipped 0.1 percent. Stocks slid this week because of the growing understanding that interest rates likely won’t come down much anytime soon.
Treasury yields eased a bit after jumping earlier in the week to their highest levels in more than a decade. That gave stocks a bit of a breather, particularly high-growth and technology companies.
On Friday:
The S&P 500 fell 9.94 points, or 0.2 percent, to 4,320.06.
The Dow Jones Industrial Average fell 106.58 points, or 0.3 percent, to 33,963.84.
The Nasdaq composite fell 12.18 points, or 0.1 percent, to 13,211.81.
The Russell 2000 index of smaller companies fell 5.32 points, or 0.3 percent to 1,776.50.
For the week:
The S&P 500 is down 130.26 points, or 2.9 percent.
The Dow is down 654.40 points, or 1.9 percent.
The Nasdaq is down 496.53 points, or 3.6 percent.
The Russell 2000 is down 70.53 points, or 3.8 percent.
For the year:
The S&P 500 is up 480.56 points, or 12.5 percent.
The Dow is up 816.59 points, or 2.5 percent.
The Nasdaq is up 2,745.32 points, or 26.2 percent.
The Russell 2000 is up 15.26 points, or 0.9 percent.
