Hawkish comments from Fed Chair Warsh at his press conference sent equities sharply lower as he hinted that additional rate hikes were likely to regain the Fed's 2% inflation target.
Hawkish comments from Fed Chair Warsh at his press conference sent equities sharply lower as he hinted that additional rate hikes were likely to regain the Fed's 2% inflation target.
The major averages were on a four-day losing streak going into Friday before a tick lower in oil prices and stable yields gave a hand up.
The major averages posted solid gains in August as they navigated ever-changing yields and headline risks associated with the war in the Middle East.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25978.43 | -3.14 | -0.01% | 11.77% |
| DJ UTILITIES | 1047.84 | -0.59 | -0.06% | -1.89% |
| DJ TRANSPORT | 20075.41 | -574.39 | -2.78% | 15.66% |
| DJ INDUSTRIALS | 51461.9 | -631.21 | -1.21% | 7.07% |
| NYSE COMPOSITE | 23934.15 | -194.31 | -0.81% | 8.77% |
| S & P 100 INDEX | 3755.35 | -15.49 | -0.41% | 9.41% |
| RUSSELL 2000 | 2858.81 | -11.48 | -0.4% | 15.19% |
| S&P 500 | 7551.81 | -33.92 | -0.45% | 10.32% |
| CBOE MKT VOLATILITY | 17.71 | 0.51 | 2.97% | 18.46% |
| AMEX COMPOSITE | 8542.24 | -260.98 | -2.96% | 24.4% |
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