Reported 8 days ago
US stocks experienced a notable decline on Friday, with the Dow, S&P 500, and Nasdaq all hitting weekly losses. Investors reacted to Federal Reserve Chair Jerome Powell's indication that interest rate cuts won't come quickly, dampening initial optimism surrounding President-elect Donald Trump's policies. The S&P 500 fell 1.3% and the tech-heavy Nasdaq dropped 2.2%. Meanwhile, retail sales showed resilience in October, reflecting consumer strength amid shifting economic expectations.
Source: YAHOO