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Worries about talks in Washington to avert a debt default by the U.S. government helped cause stocks to slip. The S&P 500 broke out of a listless stretch where it failed to move by 1%, up or down, for six straight weeks.
How major US stock indexes fared Friday 19 May 2023
Wall Street drifted to a lower close but still marked its best week since March.
The S&P 500 fell 0.1% Friday. The Dow lost 109 points, or 0.3%, and Nasdaq composite slipped 0.2%.
Worries about talks in Washington to avert a debt default by the U.S. government helped cause stocks to slip. The S&P 500 broke out of a listless stretch where it failed to move by 1%, up or down, for six straight weeks. Traders took comments by Federal Reserve Chair Jerome Powell to mean the end to hikes to interest rates may arrive next month, as hoped.
On Friday:
