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Major US equity indices closed in negative territory on Friday, as unrest in the Middle East, rising yields and mixed earnings weighed on market sentiment. The S&P 500 and the Nasdaq declined by 1.2% and 1.5%, respectively, while the Dow lost 286 points. Treasury yields remained elevated, with the 10-year yield slightly retreating after crossing the 5% mark. For the week, the S&P 500 slid 3%, the Nasdaq lost 3.8%, and the Dow declined by 2.3% to book their worst week in a month. European equity markets also closed sharply lower on Friday, with the Dax and the Euro Stoxx 50 index both sinking by 1.6% to their lowest point since May.
Summary for 23.10.2023
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