Nasdaq Sheds 4.48% for Week as Oil Eases After Russia Order
Photo: TokenPost
U.S. stocks enter a week of major corporate earnings after the Nasdaq Composite dropped 4.48% last week, while crude prices eased Sunday following a U.S. order pausing some Russia measures. For the week ended Oct. 16, the S&P 500 lost 1.95%, while the Dow Jones Industrial Average rose 0.67%. The technology-heavy Nasdaq’s decline extended a technology-led selloff . On Friday, the S&P 500 fell 1.09% to 7,659.44, the Nasdaq dropped 2.15% to 26,140.03 and the Dow slipped 0.34% to 52,002.41. The Philadelphia Semiconductor Index lost about 11.4% for the week and ended Friday with its eighth consecutive daily decline.
Source: TokenPost
