2023-10-13 20:44:00
© Archyde.com. Traders working on the New York Stock Exchange. Image from Archyde.com archive.
(Archyde.com) – The Standard & Poor’s 500 and Nasdaq indexes closed lower on Friday, as weak consumer confidence data and conflict in the Middle East made investors reluctant to take high-risk bets and erased the impact of positive quarterly earnings for a number of the largest US banks.
The three Wall Street indices began trading on an upward note, but the situation changed following the preliminary reading of US consumer confidence showed a sharp decline in October.
Investors are also monitoring news from the Middle East, where it said on Friday that it had carried out operations inside the Gaza Strip in the first announcement reflecting the start of ground operations targeting Hamas since its attack on Israel.
According to preliminary data, the Standard & Poor’s 500 index fell by 21.66 points, or 0.49 percent, to 4,328.34 points, and the Nasdaq fell by 166.98 points, or 1.23 percent, to 13,407.23 points. As for the industrial index, it rose 39.41 points, or 0.13 percent, to 33,673.39 points at close.
(Prepared by Marwa Gharib for the Arabic Bulletin – Edited by Ayman Saad Muslim)
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