Reported 11 months ago
US stocks finished mostly in the red on Friday as a tech-led rally showed signs of fatigue, with the benchmark S&P 500 and tech-heavy Nasdaq Composite both losing about 0.2%. The Dow Jones Industrial Average managed to climb slightly, and the quiet session follows a notable dip on Thursday as Nvidia, the AI darling leading the rally, lost over 3%. Investors are also assessing the US economy's health and path for interest rates, with expectations of a rate cut in September after last week's cool Consumer Price Index reading. Next week's focus will be on the Federal Reserve's preferred inflation gauge.
Source: YAHOO