Retail sales took an unexpected dip in December in what economists say could be a signal that persistently rising inflation is prompting a pullback in consumer spending.
S&P 500, Nasdaq post worst weeks since pandemic start as Netflix woes deepen slide streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Wall Street’s main indices ended sharply lower on Friday as Netflix Inc shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and NASDAQ log their biggest weekly percentage drops since the onset of the COVID-19 pandemic in March 2020.
The benchmark S&P 500 posted its third straight week of declines, ending 8.3 percent down from its record high early this month.
Losses also deepened for the NASDAQ Composite after the tech-heavy index earlier in the week confirmed it was in a correction, closing down more than 10 percent from its peak in November
New York: Wall Street’s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 2020. The benchmark S&P 500 posted its third straight week of declines, ending 8.3 percent down from its
Stocks drop again, dragging the S&P 500 to its biggest weekly loss in nearly two years nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.