Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this month.
The S&P 500 lost 0.29% to end at 4,398.95, while the Nasdaq Composite dipped 0.13% to close at 13,660.72. The Dow Jones Industrial Average dropped 187.38 points, or 0.55%, to settle at 33,734.88.
- Gold rose 0.71%, as US yields slip on further rate hike possibilities.
- Copper rose 1.07%, as USD falls making.
- Tin -0.63% Nickel -1.72% Aluminium +0.5% Zinc -0.59%, Lead -0.02%
- WTI Crude and Brent rose 3% and 2.56% as supplies tighten.
- 10Y Bond yields: US 4.06%, Australia 4.28%, and Germany 2.64%.
HEADLINES
- ASX to rise, global rates in ever sharper focus.
- Wall St Week Ahead-As earnings loom, investors weigh recession resilience.
- Global stocks index flat, Dollar falls on mixed U.S. jobs data.
- Yellen sees 'progress' in rocky US-China ties, expects more communication.
- Yellen urges China to support existing institutions to fight climate change.
- China sets wide-ranging rules for $2.9 trln private investment funds.
- Biden begins three-nation tour with stop in London.
- French central bank head warns against raising ECB inflation target.
- UK set to ease stock market listing rules.
- Meta's 'friendly' Threads collides with unfriendly internet.
- Twitter may face difficulties showing Meta stole trade secrets.
- Tesla rolls out customer referral incentive globally as EV price war heats up.
- Tesla wants EPA to finalize tougher vehicle emissions rules.
- Rivian's stock rallies to highest in 2023 after posting strong deliveries.
- Brilliant Brook and big-hitting Wood drag England back into Ashes series.
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