Wall Street falls to close out its first losing week in the last six

Wall Street experienced a decline in stocks on Friday, contributing to its first losing week in the past six weeks.

The S&P 500 retreated by 0.8%, or 33.56 points, closing at 4,348.33. This downward movement continued from the previous week when the index reached its highest level in over a year.

The Dow Jones Industrial Average also dropped by 0.6%, or 219.28 points, finishing at 33,727.43. Similarly, the Nasdaq composite experienced a decline of 1%, or 138.09 points, concluding at 13,492.52.

Global markets also witnessed a decrease, while crude oil prices slipped due to concerns surrounding a sluggish global economy that may result in reduced fuel consumption, the Associated Press reports.

READ MORE: https://apnews.com/article/stock-market-powell-interest-recession-6c07281e4dea8cf5fc07aa745466169a

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