Wall Street Ends Volatile Week with Quiet Finish - WSJ
Wall Street Journal
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Wall Street Journal
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Wall Street wrapped up a turbulent week with a subdued finish on Friday, as the Dow Jones Industrial Average declined for a third consecutive week while the Nasdaq composite posted modest gains. The markets were dominated by calls from AI leaders for slower growth, the 10-year Treasury yield climbing to 5%, and the Federal Reserve's first rate hike in three years.
Wall Street Ends Volatile Week with Quiet Finish - WSJ
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The Dow Industrials fell for a third-straight week, while the Nasdaq composite eked out a small gain
By
Vicky Ge Huang
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!Traders working on the floor of the New York Stock Exchange after a Federal Open Market Committee meeting.
*Wall Street ended Friday seemingly unfazed by the week’s drama.
Michael Nagle/Bloomberg News*
A volatile week that battered Wall Street with relentless headlines ended with a whimper.
AI leaders called for a slowdown, the 10-year Treasury yield hit 5% and the Federal Reserve raised interest rates for the first time in three years. But while a tech rally helped stocks stage a brief comeback on Thursday, the major U.S. indexes showed little movement in either direction on Friday as investors continue to weigh the implications of higher borrowing costs.