Expectations that interest rates will remain higher for an extended period of time led most stocks on Wall Street to close lower on Friday, losing momentum after a week full of disappointing results.Variation and economic data.
The Nasdaq Composite Index rose, with shares of technology companies and related companies leading the gains, while the Standard & Poor’s 500 and Dow Jones Industrial Average indexes declined.
According to preliminary data, the Standard & Poor’s 500 index fell by 19.03 points, or 0.46 percent, to 4,118.20 points, the Nasdaq Composite index rose 47.41 points, or 0.39 percent, to 12,645.06 points, while the Dow Jones Industrial Average fell 365.86 points, or 1.12 percent, to 32,418.44 points.
