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Dow on pace to snap 3-week losing streak despite heightened fears over Israel-Hamas war

Clyde Edgerton by Clyde Edgerton
October 13, 2023
in Markets
Dow on pace to snap 3-week losing streak despite heightened fears over Israel-Hamas war
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The Dow Jones Industrial Average was clinging to gains on Friday afternoon while remaining on track to snap three straight weeks of losses despite heightened worries over the Israel-Hamas war. The Dow
DJIA,
+0.12%
was trading up 0.1% in late afternoon trading on Friday, with the blue-chip stock index buoyed in part by shares of large U.S. banks after JPMorgan Chase & Co.
JPM,
+1.50%
reported stronger-than-expected earnings, according to FactSet data, at last check. The Dow was heading for a potential weekly gain of 0.8%, even as the U.S. stock market traded mostly lower amid concern the war in the Middle East risks broadening. Meanwhile, the S&P 500
SPX,
-0.50%
was down 0.5% in late afternoon trading Friday while technology-heavy Nasdaq
COMP,
-1.23%
fell 1.2%, FactSet data show, at last check. 



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