Hamilton Herald Masthead

Editorial


Front Page - Friday, August 9, 2024

Wall Street is ending a wild week nearly where it began. More tests loom next week




NEW YORK (AP) — Stocks are closing a wild, whipsaw week for Wall Street with modest gains.

The S&P 500 rose 0.5% Friday, coming off its best day since 2022, trimming its loss for the week down to 0.1%. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite added 0.5%.

Both are also finishing the week with only modest losses after sharp, earlier drops on worries about the U.S. economy and other factors.

Expedia Group helped lead the way after a stronger-than-expected profit report.

Treasury yields eased in the bond market ahead of big reports coming up next week on the economy.