https://sputnikglobe.com/20240720/wall-street-suffers-worst-week-in-3-months-as-stock-investors-seek-value-1119439930.html
Wall Street Suffers Worst Week in 3 Months as Stock Investors Seek Value
Wall Street Suffers Worst Week in 3 Months as Stock Investors Seek Value
Sputnik International
Pricey tech stocks and other blue chips on Wall Street suffered their worst weekly loss in three months as investors in US equities sought value by rotating into shares of industries that indicated longer-term returns.
2024-07-20T05:31+0000
2024-07-20T05:31+0000
2024-07-20T05:31+0000
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The technology-heavy Nasdaq Composite Index, which comprises stocks such as Amazon, Apple, Netflix and Google, closed at 17,732 for a loss of 0.8% on the day. For the week, Nasdaq fell 3.6% - the most for a week since late April. The S&P 500 Index, which tracks stocks of the top 500 US companies, settled at 5,508 for a decline of 0.7% on the day. For the week, the S&P lost 2%, also the most for a week since late April. The Dow Jones Industrial Average, the broadest indicator for US equity markets, finished at 40,288 for a deficit of almost 1%. The Dow was the outlier of the week, rising 0.7%, after back-to-back gains of 1.6% and 0.7% in the prior two weeks. Wynne said the S&P and Nasdaq outperformed small-cap stocks by more than 16% and 18%, respectively, in the first half of the year. In the second half, small-cap shares have rallied over 9%, compared to just over 2% for the S&P and less than 1% for the Nasdaq.
https://sputnikglobe.com/20240209/us-consumer-price-index-revision-rattles-wall-street-and-washington-amid-rising-debt-1116670709.html
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wall street, investors in us, stock investors seek value
wall street, investors in us, stock investors seek value
Wall Street Suffers Worst Week in 3 Months as Stock Investors Seek Value
NEW YORK (Sputnik) - Pricey tech stocks and other blue chips on Wall Street suffered their worst weekly loss in three months as investors in US equities sought value by rotating into shares of industries that indicated longer-term returns.
The technology-heavy Nasdaq Composite Index, which comprises stocks such as Amazon, Apple, Netflix and Google, closed at 17,732 for a loss of 0.8% on the day. For the week, Nasdaq fell 3.6% - the most for a week since late April.
The S&P 500 Index, which tracks stocks of the top 500 US companies, settled at 5,508 for a decline of 0.7% on the day. For the week, the S&P lost 2%, also the most for a week since late April.
The Dow Jones Industrial Average, the broadest indicator for US equity markets, finished at 40,288 for a deficit of almost 1%. The Dow was the outlier of the week, rising 0.7%, after back-to-back gains of 1.6% and 0.7% in the prior two weeks.
“Through the first half of this year, large caps carried the market,” Alan Wynne, investment product specialist at JPMorgan Wealth Management, said in reference to large-capitalized stocks. “Since the midpoint, however, the tables have turned.”
Wynne said the S&P and
Nasdaq outperformed small-cap stocks by more than 16% and 18%, respectively, in the first half of the year.
In the second half, small-cap shares have rallied over 9%, compared to just over 2% for the S&P and less than 1% for the Nasdaq.
