Market Snapshot: Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December

by | Feb 10, 2023 | Stock Market

U.S. stocks closed mostly up Friday, with the S&P 500 turning higher in late afternoon trading, as investors weighed a report showing improved consumer sentiment and recent warnings from Federal Reserve officials that the battle to tame high inflation isn’t done. Still, the S&P 500 and technology-laden Nasdaq Composite each saw their worst week since December, with the Nasdaq snapping a five-week win streak as traders await next week’s January inflation report.

How stocks traded
Dow Jones Industrial Average
rose 169.39 points, or 0.5%, to close at 33,869.27.

S&P 500
gained 8.96 points, or 0.2%, to finish at 4,090.46.

Nasdaq Composite
fell 71.46 points, or 0.6%, to end at 11,718.12.

For the week, the Dow dipped 0.2% while the S&P 500 shed 1.1% and the Nasdaq fell 2.4%. The Dow fell for a second straight week, while the S&P 500 snapped two consecutive weeks of gains in its biggest percentage drop since the week ending Dec. 16, according to Dow Jones Market Data. Read: The stock market isn’t yet ‘all-clear’ for a breakout rally, warns Wells Fargo InstituteWhat drove markets? Stocks ended mostly higher, as investors divided their attention between corporate earnings reports, economic data and commen …

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