US stock exchanges end varied, S&P 500 having its worst week since 2020

(MENAFN) With stockholders’ worries of a recession, the United States stock exchanges ended the week varied, with the S&P 500 having its worst week since two years ago.

The index gained 8 points, or 0.22 percent, to end at 3,674 points, although it had its worst weekly performance since March 2020, falling by 6 percent.

The S&P 500 is still in bear market territory, as stockholders fear that the Federal Reserve’s relentless monetary tightening might push the world’s largest economy into recession.

The Nasdaq, which is heavily weighted in technology, gained 152 points, or 1.43 percent, to end at 10,798. The Dow Jones Industrial Average, on the other hand, dropped 38 points, or 0.13 percent, to close at 29,888. Furthermore, The Dow Jones Industrial Average dropped by 38 points, or 0.13 percent, to close at 29,888.

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