Hamilton Herald Masthead

Editorial


Front Page - Friday, September 20, 2024

Wall Street closes out a record-setting week on a quiet note




NEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note.

U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.

The S&P 500 fell 0.2% Friday, but it still had its fifth winning week in the last six. The Dow eked out a gain of 0.1%. The Nasdaq composite fell 0.4%.

FedEx sank after its profit and revenue for the latest quarter fell short of expectations.

Nike rose after naming a new CEO.

Treasury yields held steady in the bond market.