Weekly Recap: Major US Stock Indices Close Lower, Breaking Winning Streak

Friday, 16 February 2024, 21:16

US stock market indices closed lower, ending a 5-week winning streak. NASDAQ and Russell 2000 were the biggest losers. Some high flyers experienced profit-taking as rates increased. Key movers include Super Micro Computers, Adobe, Meta, Alphabet, Microsoft, Arm Holdings, Broadcom, Micron, Apple, and Nvidia.

Market Closures and Performance

The major US stock indices ended lower for the day and week, breaking a 5-week winning streak. The NASDAQ and Russell 2000 saw significant declines due to rising rates and profit-taking.

Key Numbers:

  • Dow: -145.15 points at 38627.98
  • S&P: -24.16 points at 5005.56
  • NASDAQ: -130.53 points at 15775.64

For more details on the week's performance and notable stock movements, read the full article by Greg Michalowski at ForexLive.com.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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