S&P 500 Suffers Meltdown

Although U.S. stock prices ended higher on Friday, losses continue as investors wrestle whether or not the Feds can arrest inflation without creating great vagaries in the economy.

According to Market Watch, the Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, based on Dow Jones Market Data.

The Dow Jones Industrial Average DJIA, +1.47% rose 466.36 points, or 1.5%, to close at 32,196.66.

The S&P 500 SPX, +2.39% climbed 93.81 points, or 2.4%, to finish at 4,023.89.

The Nasdaq Composite COMP, +3.82% jumped 434.04 points, or 3.8%, to end at 11,805, booking its biggest daily percentage gain since Nov. 4, 2020, according to Dow Jones Market Data.

For the week, the Dow fell 2.1%, the S&P 500 slid 2.4% and the Nasdaq dropped 2.8%.

The S&P 500 dropped for a sixth straight week, its worst losing streak since June 2011, according to Dow Jones Market Data.

The Nasdaq Composite also declined for a sixth consecutive week, booking its longest losing streak since November 2012.

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Edited by Jesus Chan

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