The Dow Is Down for a Third Straight Week and the Nasdaq Is Somehow Up
The Dow is down 2% this week. The Nasdaq is up. One of the indexes is reading the Fed policy wrong.
Overview
Stocks drifted lower Friday as the 10-year Treasury yield climbed back above 5%, capping a week in which the Federal Reserve raised interest rates for the first time in three years.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) slipped 0.1% as of 12:06 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) fell 0.2%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) dropped 0.4%. Only seven of the Dow's 30 components traded higher.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.