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VOL. 48 | NO. 32 | Friday, August 9, 2024
Wall Street is ending a wild week nearly where it began. More tests loom next week
NEW YORK (AP) — Stocks are closing a wild, whipsaw week for Wall Street with modest gains.
The S&P 500 rose 0.5% Friday, coming off its best day since 2022, trimming its loss for the week down to 0.1%. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite added 0.5%.
Both are also finishing the week with only modest losses after sharp, earlier drops on worries about the U.S. economy and other factors.
Expedia Group helped lead the way after a stronger-than-expected profit report.
Treasury yields eased in the bond market ahead of big reports coming up next week on the economy.