Wall Street is heading toward a losing week as concerns about how higher rates will impact loans outweighed glimpses of hope for cooling inflation in the latest jobs data. The Dow Jones Industrial Average is down more than 4% this week, while the S & P 500 and Nasdaq Composite are each on track for weekly losses as well. The three indexes have slid over the course of the week as investors readied for the latest data on labor and wages and grew cautious around financial stocks.
Pro screened for the top 10 performers this week. The data, which is from FactSet, is current as of shortly after Friday's market open. Week-to-date numbers are through early Friday trading. General Electric posted the biggest weekly gain with a 6.1% advance. The majority of those gains came Thursday, when the company held its investor day. At the investor day, management provided an update on its aerospace business and Vernova, which is the name of its energy division.
's Fred Imbert contributed to this report
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Source: CNBC - 🏆 12. / 72 Read more »