Stocks opened mostly lower but were digging themselves out of a deeper sell-off on Friday, after Israel's retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. The Dow Jones Industrial Average rose 0.2%. The S&P 500 fell about 0.1%, while the tech-heavy Nasdaq Composite slid 0.3% after sharper falls.
Stocks were already under pressure before the shock amid persistent uncertainty about Federal Reserve interest-rate cuts. The S&P 500 on Thursday notched five losing days in a row as investors absorbed disappointing earnings from Netflix . That weighed on hopes that quarterly earnings will meet high expectations to help revive the equity rally. Shares of the streaming giant, the first of the megacap techs to report, slid more than 7% to start the morning session.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »