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VOL. 47 | NO. 8 | Friday, February 17, 2023
Stocks end mixed; S&P 500 posts 2nd straight weekly loss
NEW YORK (AP) — Stocks ended mixed on Wall Street after paring losses from the morning.
The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday. The Dow Jones Industrial Average rose, while the Nasdaq composite fell.
Stocks have hit turbulence in February after shooting higher in January on hopes that cooling inflation could get the Federal Reserve to take it easier on interest rates and that the economy could avoid a severe recession.
Recent economic reports have raised worries that inflation is not cooling as quickly and as smoothly as hoped.