U.S. Stocks Cut Week’s Losses on Friday

But the Dow is down overall for the second week in a row

  • Share
  • Read Later
Ben Hider / Getty Images

U.S. stocks mostly gained on Friday with the Dow Jones climbing 15.93 points or 0.1 percent. However, the blue-chip index was still down overall for the second week in a row. Overall, the Dow Jones has fallen more than 330 points or 2.16% in the past two weeks.

Investors continued to be cautious leading up to a Federal Reserve policy meeting next week that will probably hint at the central bank’s plans for its asset-purchasing program, CNBC reports.

The Fed will likely scale back on its $85 billion in monthly bond purchases soon, thanks to elevated consumer confidence, slowly rising employment numbers and rising home prices.

The S&P dropped fractionally to 1,775.32. And the Nasdaq rose 2.57 points.

[CNBC]

0 comments