S&P Closes Lower to End Week

The Dow Jones Industrials inched up 15.57 points to 39,150.33.

The much-broader index shed 8.55 points to 5,464.62.

The NASDAQ dipped 32.23 points to 17,689.36.

The S&P 500 notched an intraday record of 5,505.53 earlier in the week, and it registered a 0.6% weekly advance. The NASDAQ finished the week flat, while the Dow rose 1.45% for its best weekly performance since May.
market, and that’s really been a key driver of the market action as of late.”

Nvidia shares declined 3.2%. On Thursday, the stock hit an all-time high before closing more than 3% lower. Nonetheless, the chipmaker is still up 155% year to date, and it briefly beat Microsoft as the most valuable public company on Tuesday.

Trading on Friday could also be more volatile than normal due to triple witching, the expiration of stock options, stock index options and stock index futures options.

Prices for the 10-year Treasury slipped a bit, raising yields back to Thursday’s 4.26%. Treasury prices and yields move in opposite directions.

Oil prices fell 66 cents at $80.63 U.S. a barrel.

Gold prices lost $33.70 to $2,335.30