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By Staff Reporters
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Investors slowed their roll yesterday but the Dow still pulled off its best week of the year. Lululemon reported a disappointing forecast and slowing US sales growth. The athleisure company suffered its worst day since March 2020.
Here’s where the major benchmarks ended:
- The S&P 500 index sank 7.35 points (0.1%) to 5,234.18, up 2.3% for the week; the Dow Jones Industrial Average dropped 305.47 points (0.8%) to 39,475.90, up 2% for the week; the NASDAQ Composite rose 26.98 points (0.2%) to 16,428.82, up 2.9% for the week.
- The 10-year Treasury note yield dipped five basis points to 4.22%, down nearly nine basis points for the week.
- The CBOE Volatility Index edged up 0.14 to 13.06, falling 1.34 points for the week.
Utilities, information technology, and communication services were among the strongest sectors. Real estate and financials saw relative weakness Friday.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Financial Planning, Investing | Tagged: CBOE, DJIA, DOW, Lululemon, NASDAQ, S&P 500, stock markets, VIX | Leave a comment »
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