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US equities slipped Friday and were down for the week, as investors fretted over historically high Treasury yields, surging oil prices, and a Federal Reserve that looks unlikely to drive relief from its aggressive interest rate policy anytime soon. The S&P 500 Index was down 0.2% on Friday and 2.9% for the week and closed at the lowest level since mid-June. Meantime, the Dow Jones Industrial Average and the Nasdaq Composite slipped 0.3% and 0.1%, respectively on Friday and were down 1.9% and 3.6% for the week. The past week was particularly rough for smaller companies and other parts of the market considered to have exposure to recession risks. Elsewhere, European shares lost 1.5% for the week, the most since mid-August, on worries over higher-for-longer rates.
Summary for 25.09.2023
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