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S&P 500, Nasdaq finish lower, logging back-to-back weekly losses

Clyde Edgerton by Clyde Edgerton
August 11, 2023
in Markets
S&P 500, Nasdaq finish lower, logging back-to-back weekly losses
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U.S. stocks finished mostly lower on Friday, with only the Dow hanging on to gains, as the S&P 500 and Nasdaq Composite capped off their first back-to-back weekly losses in months. The S&P 500
SPX,
-0.11%
fell by 4.65 points, or 0.1%, to 4,464.18 on Friday, according to preliminary closing data from FactSet. The Nasdaq Composite
COMP,
-0.68%
shed 93.14 points, or 0.7%, to 13,644.85. The Dow Jones Industrial Average
DJIA,
+0.30%
gained 105.32 points, or 0.3%, to 35,281.46. The Nasdaq has fallen for two straight weeks for the first time since a four-week losing streak ended on Dec. 30, according to Dow Jones Market Data. The roughly 4.7% drop during that period is the biggest two-week decline for the index since the week ending Dec. 16.



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