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The major US equity indices moved lower Friday as investors digested July’s slowing but still resilient jobs numbers and a mixed batch of quarterly earnings reports, leaving the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all down for the week. Equities looked like they might shake off an early wobble and moved higher for much of the afternoon, only for the enthusiasm to fade in the last couple of hours of trading. In contrast, European equity markets closed mostly higher on Friday, after a three-day selloff, with the Euro Stoxx 50 Index up 0.7% on the day but still down 3.0% for the week.
Summary for 07.08.2023
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