The S&P 500 and Nasdaq rose on Friday, but the week as a whole was their worst since June
The Dow Jones also fell on Friday, but over the five trading days, it actually lost the least
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As technology stocks rebounded, the S&P 500 broad-market index rose 0.3% and the Nasdaq Composite index gained 1.1% at the close of trading on Friday, November 6. The indices thus partially recovered from the record-breaking sell-off the previous day. However, both still ended the week in the red: the S&P 500 was down 2.7%, and the Nasdaq Composite was down 34%. For both indices, this marks their worst weekly performance since June, Yahoo Finance noted. They have now been falling for four consecutive weeks.
The Dow Jones Blue Chip Index was the only one to decline on Friday—by 0.5%. For the week, it lost 0.9%—less than the others. The fact that the market’s gains on the last day of the trading week were not broad-based is also evidenced by the negative performance of the equal-weighted version of the S&P 500: the Invesco S&P 500 Equal Weight ETF lost 0.4%. The standard S&P 500 is weighted toward tech giants, and information technology—its largest sector—jumped 1.3% on Friday after plummeting 7.3% the day before, MarketWatch noted.
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